Take-Two (TTWO) Receives a Buy from Barclays


Barclays analyst Deepak Mathivanan maintained a Buy rating on Take-Two (TTWO) yesterday and set a price target of $142.00. The company’s shares closed last Monday at $123.10.

According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 19.0% and a 67.8% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Activision Blizzard, Mercadolibre, and Wix.com Ltd.

Take-Two has an analyst consensus of Strong Buy, with a price target consensus of $138.53, a 12.5% upside from current levels. In a report issued on October 15, Morgan Stanley also maintained a Buy rating on the stock with a $145.00 price target.

See today’s analyst top recommended stocks >>

Based on Take-Two’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $46.28 million. In comparison, last year the company had a net profit of $25.37 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTWO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts