Here’s Why Take-Two Interactive Could See Higher Highs

On May 18, we noted:

“TTWO was one of the worst-performing gaming stocks of 2022, we noted on January 2. All after falling from a high of $178.92 to $104.13. However, it appears the stock may be bottoming out, as the company bets big on game demand in coming years. All thanks to the news it could see a massive increase in sales in its upcoming 2025 fiscal year.”

Today, shares of TTWO are up to $143.70 – and still running.

All on news the company could have a very profitable 2024, which hints that Grand Theft Auto VI will soon see the light of day.

In a TTWO press release, the company noted, “We believe that we will enter our next phase of growth in Fiscal 2025, as we plan to deliver several groundbreaking titles that we anticipate will set new standards of quality and success and enable us to deliver over $8 billion in Net Bookings and over $1 billion in Adjusted Unrestricted Operating Cash Flow. We expect to sustain this momentum with additional growth in operating performance in Fiscal 2026.”

From a current price of $143.70, we’d like to see TTWO up to $175 before year-end.