BMO Capital raised the firm’s price target on Take-Two (TTWO) to $280 from $275 and keeps an Outperform rating on the shares. The company’s Q3 strength was broad-based, as it drives execution across mobile, NBA 2K, and the broader portfolio, the analyst tells investors in a research note. Shares are pressured from AI threats, but Take-Two and other large gaming platforms are best positioned to implement AI at scale in the video game space, the firm added.
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