NEW YORK, December 08, 2023--Private Division, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), and Moon Studios today announced No Rest for the Wicked, a mature, precision Action Role-Playing Game (ARPG) that is poised to reinvent the genre. This title is Moon’s bold foray into the genre after successfully launching two critically acclaimed, multiple award-winning games - Ori and the Blind Forest and Ori and the Will of the Wisps. No Rest for the Wicked will be released
Take-Two Interactive (NASDAQ: TTWO) didn't have an impressive 2023. Sales were essentially flat over the last 6 months, and operating losses ballooned. Analysts expect revenue to rise by just 4% this year, which would hardly qualify the video game publisher as a growth stock.
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Take-Two Interactive, FMC, ChargePoint, and Duckhorn Portfolio. BofA Securities downgraded Take-Two Interactive Software (NASDAQ:TTWO) to Neutral from Buy with a price target of $170.00, citing expectations of a postponed release for the highly-anticipated video game Grand Theft Auto VI. As a result, shares fell more than 1% pre-market today.