This is Why Analysts Love Take-Two Interactive

“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,” we said on May 18. Today, the stock is up to $150.24 and still running.

We still have a price target of $175 on the stock.

All because investors are excited about what’s coming from the company – especially with the company saying it has the strongest pipeline in the company’s history. Plus, there’s big speculation one of the top games in its pipeline is the latest Grand Theft Auto. Helping, Truist Securities analysts reiterated a buy rating on the TTWO stock, with a $158 price target. Barclays also raised its price target on TTWO to $160 from $156 a share.

If the TTWO stock can break above resistance around $159.50, it could test $180.