Take-Two: Wedbush raises target price

(CercleFinance.com) - Wedbush maintains its "outperform" rating on Take-Two Interactive shares, increasing its target price for them from $161 to $165, the day after the video game publisher's quarterly report, in which it highlighted its enormous earnings power.


"Take-Two's advertising revenues are at an annual run rate of over $750 million with a rebound in advertising demand expected as the economy improves", the broker points out.

Also believing that Take-Two consistently publishes high-quality games, Wedbush expects that "Take-Two will hit its $8 billion bookings potential and “over $1 billion” in operating cash flow in FY:26 at the latest".


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