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GTA 6 is expected to launch in the fall of 2025, as Take-Two's release schedule has cleared. This timeline suggests a strategic positioning for the highly anticipated game within the gaming market.
Scopely, backed by Saudi Arabia’s Public Investment Fund, has acquired Niantic Labs' video game division for $3.5 billion, including the teams behind popular titles like Pokémon GO. This move supports the Kingdom's goal to boost its gaming sector's contribution to GDP to $13 billion by 2030. Niantic will also establish a new firm, Niantic Spatial, focusing on geospatial AI, funded with $250 million.
Ryan Cohen took over as CEO in September 2023, with significant shareholder support, but the marketplace closed to trading by early February 2024. Major indexes fell amid economic concerns, with the S&P 500 down 0.9% and only the energy sector gaining. Palantir's impressive earnings boosted its stock, while TSMC maintained a positive outlook despite earthquake-related losses. GameStop shares rose after Cohen's tweet with Michael Saylor, sparking speculation about potential investments in Bitcoin.
BNP Paribas Exane has raised its price target for Take-Two Interactive Software, increasing it from $165 to $190. The company is a major player in the interactive entertainment industry, with 59.5% of its net sales coming from personal computers, smartphones, and tablets, and 40.5% from video game consoles. The majority of its revenue is generated through online platforms, accounting for 95.6% of sales, while the United States represents 61.3% of its net sales.
Take-Two Interactive Software anticipates strong demand for GTA VI, according to UBS. The company, a major player in interactive entertainment, generates 74.6% of its revenue from video game consoles and 25.4% from PCs and mobile devices, with 86.3% of sales coming from online platforms. The U.S. market represents 59.8% of its net sales.
Public Sector Pension Investment Board increased its stake in Take-Two Interactive Software to 5,619 shares valued at $874,000, while AQR Capital Management and APG Asset Management also boosted their holdings significantly. UBS Group upgraded the stock to "buy" with a price target of $230, reflecting a potential upside of 24%. The stock has a consensus rating of "Moderate Buy" among analysts, with institutional investors owning 95.46% of the company.
Take-Two Interactive Software, Inc. has been upgraded to a Buy rating by UBS. The company is a leading developer and publisher of interactive entertainment, with 74.6% of its revenue from video game consoles and 25.4% from PCs and mobile devices. Revenue primarily comes from online platforms (86.3%), with the United States representing 59.8% of net sales.
Take-Two Interactive has received an upgrade from UBS as excitement grows around the anticipated release of 'Grand Theft Auto VI.' This upgrade reflects the increasing hype and expectations surrounding the upcoming title, signaling positive sentiment for the company’s future prospects.
UBS analyst Christopher Schoell has upgraded Take-Two Interactive (NASDAQ: TTWO) from Neutral to Buy, setting a new price target of $230.00. This upgrade reflects a positive outlook for the company in the gaming industry.
Take-Two Interactive Software (NASDAQ: TTWO) holds a "Moderate Buy" rating with a consensus price target of $191.75. Recently, Director Laverne Evans Srinivasan sold 2,000 shares, reducing ownership by 17.11%. UBS AM increased its stake by 10.9%, owning 4.24 million shares valued at $651.8 million. The stock has a market cap of $32.59 billion, with a 52-week range of $135.24 to $190.43.
Take-Two Interactive Software, Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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