Wells Fargo raised the firm’s price target on Take-Two (TTWO) to $288 from $277 and keeps an Overweight rating on the shares. Ahead of quarterly results, the firm is raising Q3 bookings 3%. 3P mobile data accelerated 4pts in Q3, primarily driven by Toon Blast, Wells believes. December “Safehouse in the Hills” content release drove GTA Online outperformance vs our prior estimates. Another strong quarter ahead, says the firm.
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