Take-Two Interactive Software (TTWO) is poised for an upside to its Q1 guidance thanks to strength across its portfolio, Wedbush Securities said in a note Tuesday. Its Q1 results are due Aug. 7.
"While there were no major releases in the quarter, we expect the company to easily hit its guidance targets on recent momentum from NBA 2K and GTA Online," the note said.
The report also said app rankings checks indicated another solid quarter for the Match Factory! mobile title, with Toon Blast and Toy Blast maintaining momentum.
"We remain highly positive on Take-Two's trajectory through 2028, driven by a strong lineup of high-profile titles," the note said, pointing to Borderlands 4, Mafia: The Old Country, and Grand Theft Auto VI.
Wedbush kept its outperform rating and $269 price target.
Price: 226.85, Change: +0.86, Percent Change: +0.38
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