Take-Two (TTWO) Stock Receives $131 Price Target

By Amit Chowdhry ● Nov 21, 2022
  • The shares of Take-Two (TTWO) recently received a $131 price target. These are the details.

The shares of Take-Two (TTWO) recently received a $131 price target.

Price target: Reduced from $157 to $131

Rating: Buy

Analyst firm: Truist

Truist analysts adjusted the rating after updating the model following the company’s weaker-than-expected second-quarter results with reduced earnings multiple due to its weaker execution. And the Truist analysts adjusted the rating while pointing out that they are positive on the stock longer term given the pipeline, deal synergies, deleveraging, and share buybacks.

Going forward, the Truist analysts see a favorable long-term risk/reward on the shares. And with fiscal 2023 consensus estimates reset, investor focus over the next several months should be on the company’s pipeline developments.