TTWO - Take-Two Interactive Offers A Scaled Portfolio Of Mobile Games Says Analyst | Benzinga
J.P. Morgan analyst Cory A Carpenter reiterated an Overweight rating on the shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) with a price target of $200.00.
The following are the analyst’s opinions from the company’s CEO and CFO meetings.
The analyst noted TTWO sounded rather positive on mobile gaming trends, both for the industry and Zynga specifically.
Management noted mobile feels ‘good and robust,’ with stable / slight industry growth in 2024 as consumers are showing a willingness to spend on new titles after a dearth of hits, said the analyst.
The management considers GTA VI increases focus on the franchise and thus GTA V units could continue to see healthy demand into launch.
While TTWO has yet to comment ...