Investors might have some unreasonably high expectations for Take-Two Interactive's (NASDAQ: TTWO) business. The video game publisher's shares are trouncing the market so far in 2023 even through declining sales and rising net losses this year. Let's look at a few reasons Wall Street is so optimistic about this stock's potential.
Video game developer Take-Two Interactive (TTWO) is seeing stock gains Tuesday morning as Deutsche Bank analysts upgrade the stock to "Buy" on headlines of a December announcement for the long-awaited Grand Theft Auto VI. Yahoo Finance Anchors Akiko Fujita and Rachelle Akuffo observe Take-Two's recent stock action and other trends in the gaming market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a Buy initiation at AMD, and upgrades at Take-Two Interactive Software, Kraft Heinz, and Aspen Technology. Roth/MKM initiated coverage on Advanced Micro Devices (NASDAQ:AMD) with a Buy rating and a price target of $125.00, as reported in real-time on InvestingPro. For the upcoming Q4/23, the analysts expect revenues of $6.1 billion (a 5.2% increase from the previous quarter) and EPS of $0.77.