Video Game Stock Higher Despite GTA Delay
TTWOTake-Two Interactive Software(TTWO) schaeffersresearch.com·2024-05-17 22:46

Take-Two Interactive Software, Inc (NASDAQ:TTWO) stock is up 2.2% to trade at 149.43,reversingpremarketlossesafterthevideogamecompanyreportedasharper−than−expectedlossforthefiscalfourthquarter.Moreconcerningthough,Take−TwoalsoslasheditsbookingsforecastfornextyearandpushedbackitsGrandTheftAutoreleasetothefallof2025,insteadoflaterthisyear.Thestockisshruggingoffthreeprice−targetcutsinresponse,theworstcomingfromBofAGlobalResearchto149.43, reversing premarket losses after the video game company reported a sharper-than-expected loss for the fiscal fourth quarter. More concerning though, Take-Two also slashed its bookings forecast for next year and pushed back its Grand Theft Auto release to the fall of 2025, instead of later this year. The stock is shrugging off three price-target cuts in response, the worst coming from BofA Global Research to 160 from $170 ...