Citi raised the firm’s price target on Take-Two (TTWO) to $270 from $260 and keeps a Buy rating on the shares. The firm believes Apple’s App Store fees may came down following an adverse U.S. court ruling and pending European Union ruling. Citi thinks Take-Two will benefit from the lower fees.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTWO:
- Game On: Ubisoft’s Q1 net bookings ‘below expectations’
- Game On: U.S. game spending in May grew 1%, says Circana
- Private Markets: iCapital secures $820M in new funding round
- TakeTwo Interactive Software put volume heavy and directionally bearish
- ‘Elden Ring: Nightreign’ top-selling game in U.S. in May, says Circana
