Wedbush Believes Take-Two (TTWO) Still Has Room to Grow

In a report released today, Michael Pachter from Wedbush maintained a Buy rating on Take-Two (TTWO), with a price target of $170.00. The company’s shares closed last Wednesday at $146.84, close to its 52-week high of $149.28.

According to TipRanks.com, Pachter is a 3-star analyst with an average return of 1.4% and a 55.5% success rate. Pachter covers the Technology sector, focusing on stocks such as Glu Mobile, Facebook, and Alphabet.

Take-Two has an analyst consensus of Strong Buy, with a price target consensus of $143.77, implying a 0.0% downside from current levels. In a report issued on May 19, Benchmark Co. also maintained a Buy rating on the stock with a $149.00 price target.

See today’s analyst top recommended stocks >>

Based on Take-Two’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $930 million and net profit of $164 million. In comparison, last year the company earned revenue of $1.25 billion and had a net profit of $180 million.

Based on the recent corporate insider activity of 49 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. It operates through the following geographical segments: United States, Europe, Asia Pacific, and Canada and Latin America. The company was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.