In a report released today, Sachin Mittal from DBS maintained a Buy rating on Take-Two (TTWO – Research Report), with a price target of $218.00.
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Sachin Mittal’s rating is based on Take-Two’s strong position in the gaming industry, supported by their well-regarded franchises such as NBA 2K, Grand Theft Auto, and Red Dead Online. These titles have shown consistent growth and are major contributors to the company’s revenue. The company’s future outlook is promising, with management forecasting a 4-6% increase in net bookings for the fiscal year 2025, and a robust pipeline of anticipated game releases, including the highly awaited GTA 6.
Furthermore, Take-Two’s strategy of acquiring development studios is expected to expand its market reach and enhance its product offerings. This, coupled with a projected above-average EBITDA growth over the next few years, underpins the positive sentiment. The target price set at USD218 reflects the potential for revenue and earnings growth, and the possibility of stronger-than-expected performance from new game launches and acquisition synergies.
According to TipRanks, Mittal is a top 100 analyst with an average return of 23.6% and a 77.29% success rate. Mittal covers the Technology sector, focusing on stocks such as Grab, Cognizant, and International Business Machines.
In another report released on February 7, Raymond James also maintained a Buy rating on the stock with a $220.00 price target.