Raymond James upgraded Take-Two (TTWO) to Strong Buy from Outperform with an unchanged price target of $285. The stock is down 15% since January 29 due to fears around the launch of Google’s Project Genie and the presumed impact of AI creation tools to incumbent publishers, the analyst tells investors in a research note. The firm views the selloff as overdone. The weakness brings a more attractive risk/reward for Take-Two, especially following the “strong fundamentals” outlined in the company’s fiscal Q3 report last week, contends Raymond James.
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