Take-Two Interactive Software Inc. ($TTWO) Stock Forecast: Up 5.8% Today

What is Take-Two Interactive Software Inc.?

Take-Two Interactive Software (TTWO) is a leading video game publisher known for popular titles like Grand Theft Auto and Borderlands. The company is making waves in the gaming industry with its upcoming releases and events.

Why is Take-Two Interactive Software Inc. going up?

TTWO stock is up 5.8% on Aug 21, 2024 16:41

• TTWO stock experienced a strong bullish movement recently.
• The upcoming launch of Borderlands 4 in 2025 has sparked interest among investors, leading to a surge in the stock price.
• Analysts have shown positivity towards TTWO after events such as Gamescom 2024 and the Diversity in Gaming Lunch, boosting investor confidence.
• TTWO's expansion of its gaming portfolio with titles like Mafia: The Old Country showcases its dedication to innovation and growth, fueling positive market sentiment.

TTWO Price Chart

TTWO Technical Analysis

TTWO News

Riot Games, Take-Two, ESA and more offer a blueprint for a diverse global video game community

At the annual Diversity in Gaming Lunch at GamesBeat Summit 2024, ESA members addressed increasing equity and inclusion in the game industry.

https://venturebeat.com/games/riot-games-take-two-esa-and-more-offer-a-blueprint-for-a-diverse-global-video-game-community/

Take-Two's ( TTWO ) Mafia: The Old Country to Release in 2025

Take-Two (TTWO) is set to expand its gaming portfolio with its upcoming game, Mafia: The Old Country. The game is set to release in 2025.

https://www.zacks.com/stock/news/2325157/take-twos-ttwo-mafia-the-old-country-to-release-in-2025

Take-Two shares Hold from TD Cowen as Borderlands 4 set for 2025 launch

https://www.investing.com/news/company-news/taketwo-shares-hold-from-td-cowen-as-borderlands-4-set-for-2025-launch-93CH-3581355

https://www.investing.com/news/company-news/taketwo-shares-hold-from-td-cowen-as-borderlands-4-set-for-2025-launch-93CH-3581355

Analysts bullish on TTWO stock after Gamescom 2024 event

https://www.investing.com/news/stock-market-news/analysts-bullish-on-ttwo-stock-after-gamescom-2024-event-432SI-3581172

https://www.investing.com/news/stock-market-news/analysts-bullish-on-ttwo-stock-after-gamescom-2024-event-432SI-3581172

Take-Two Interactive Software Shares Are Trading Higher Today: What's Going On - Take-Two Interactive ( NASDAQ:TTWO )

Take-Two Interactive Software, Inc. TTWO shares surged Tuesday after the company revealed Borderlands 4, the highly anticipated next installment in the iconic looter-shooter franchise, will be released in 2025.

https://www.benzinga.com/general/gaming/24/08/40472835/take-two-interactive-software-shares-are-trading-higher-today-whats-going-on

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Take-Two Interactive Software Inc. Price History

21.07.2024 - TTWO Stock was up 5.0%

• Today, TTWO stock displayed a significant bullish movement.
• The unveiling of Borderlands 4, a highly awaited addition to the renowned looter-shooter franchise, played a role in the uptick in TTWO shares.
• Positive sentiments from analysts post the Gamescom 2024 event, along with Citi maintaining a Buy rating on the stock, boosted investor confidence.
• The CEO’s appearance on "Mad Money" with Jim Cramer likely offered additional insights and reassurance about the company’s future prospects, further propelling the bullish trend in TTWO stock.

21.07.2024 - TTWO Stock was up 5.8%

• TTWO stock experienced a strong bullish movement recently.
• The upcoming launch of Borderlands 4 in 2025 has sparked interest among investors, leading to a surge in the stock price.
• Analysts have shown positivity towards TTWO after events such as Gamescom 2024 and the Diversity in Gaming Lunch, boosting investor confidence.
• TTWO's expansion of its gaming portfolio with titles like Mafia: The Old Country showcases its dedication to innovation and growth, fueling positive market sentiment.

09.01.2024 - TTWO Stock was down 7.2%

• TTWO experienced a bearish movement today.
• The leak of the GTA VI trailer, although disappointing, did not significantly impact the game or the company.
• Earnings report for the third quarter of 2024 showed a decline in net revenue.
• Despite the overall bullish market, TTWO's bearish movement could be attributed to the earnings report and potential investor concerns about future growth.

09.01.2024 - TTWO Stock was down 8.5%

• Take-Two Interactive Software lowered its guidance for fiscal 2024 and reported a 3% decrease in third-quarter total net bookings, leading to a bearish market movement.
• The company's lowered forecast and game delay contributed to the negative market sentiment.
• Analysts highlighted the impact of a revised net bookings forecast for 2024, which was lower than previously expected.
• Take-Two's CEO, Strauss Zelnick, discussed the company's quarterly earnings results and factors that caused the company to guide down next quarter, which may have further influenced the bearish market movement.

09.01.2024 - TTWO Stock was down 8.3%

• TTWO shares fell sharply following the release of their third-quarter results, which showed a 3% decline in net bookings compared to the previous year.
• The company also revised its 2024 net bookings forecast downward, causing further concern among investors.
• The CEO, Strauss Zelnick, addressed the leak of the GTA VI trailer, stating that while it was disappointing, it did not have a negative impact on the game or the company.
• The overall market sentiment for TTWO was affected by the negative earnings report and the downward revision of future projections.

10.01.2024 - TTWO Stock was down 8.5%

• TTWO stock experienced a strong bearish movement today.
• The leak of the GTA 6 trailer was deemed "disappointing" by the CEO, which may have dampened investor sentiment.
• Lowered guidance for fiscal 2024 and a game delay also contributed to the negative market reaction.
• The company's third-quarter financial results showed a 3% decline in total net bookings year-over-year.
• Overall, the bearish movement in TTWO stock today can be attributed to a combination of factors, including the GTA 6 trailer leak, lowered guidance, and underwhelming financial results.

09.01.2024 - TTWO Stock was down 9.4%

• The leaked trailer of Grand Theft Auto 6, although highly anticipated, was deemed "disappointing" by the CEO of Take-Two. This could have negatively impacted investor sentiment.
• The company reported a 3% year-over-year decline in net revenue for the third quarter of 2024, which may have contributed to the bearish movement.
• The bleak forecast and lowered guidance for FY2 by Take-Two Interactive could have further dampened investor confidence in the stock.
• The overall demographic warning about the U.S. fertility slump and its potential impact on the prime audience for video games and related products could have added to the bearish sentiment surrounding Take-Two Interactive.

12.01.2024 - TTWO Stock was down 8.5%

• Today, TTWO stock experienced a significant decline, which could be attributed to several factors:
• 1. Target cut: Concerns about the company's future prospects may have arisen after a target cut was made by an industry analyst.
• 2. GTA 6 trailer leak disappointment: Comments made by the CEO regarding the disappointing leak of the GTA 6 trailer may have dampened investor sentiment, as the anticipation surrounding this highly anticipated game is a crucial driver for Take-Two's success.
• 3. Lowered forecast and game delay: Take-Two's guidance for fiscal 2024 was adjusted downward, and the delay of a game release might have signaled potential challenges ahead, contributing to the bearish movement.
• 4. Q3 financial results: The company's third-quarter financial results, including a year-over-year decline in net bookings, could have negatively impacted investor confidence.
• Overall, a combination of factors such as the target cut, disappointment over the GTA 6 trailer leak, lowered forecast, and underwhelming financial results likely influenced the bearish movement observed in TTWO stock today.

21.10.2023 - TTWO Stock was up 0.3%

• The bullish movement in TTWO's stock today could be attributed to several factors:
• 1. Positive sentiment towards the metaverse industry: The article mentions the potential of metaverse stocks and how some companies are performing well in this space. This positive outlook on the metaverse industry may have influenced investors to buy shares of TTWO, which operates in the interactive entertainment sector.
• 2. Strong financial performance: an article from Benzinga highlights that TTWO has outperformed the market over the past 15 years, with a solid average annual return. This positive track record and market capitalization may have attracted investors, contributing to the bullish movement.
• 3. Resilience in the entertainment sector: an article from Investing.com mentions the resilience shown by companies like Disney, Take-Two, and Netflix in the entertainment sector. This resilience could have instilled confidence in investors regarding TTWO's prospects, leading to increased buying activity.
• 4. CEO's emphasis on customer-centric value: an article from Benzinga mentions Take-Two CEO Strauss Zelnick's emphasis on customer-centric value during the company's earnings call. This focus on delivering value to customers may have resonated positively with investors, driving the bullish movement in the stock.
• Overall, the bullish movement in TTWO's stock today can be attributed to positive sentiment towards the metaverse industry, strong financial performance, resilience in the entertainment sector, and the CEO's emphasis on customer-centric value.

09.07.2024 - TTWO Stock was up 5.7%

• The bullish movement in TTWO stock today may be linked to Take-Two Interactive's confirmation that GTA 6 will be released in 2025, dispelling any rumors of delays.
• Investor optimism about Take-Two's future performance could stem from CEO Strauss Zelnick's assertion that User-Generated Content (UGC) is unlikely to define the company's future, indicating a strong strategic vision.
• The positive market sentiment, with U.S. stock futures trading higher, might have also played a role in the bullish movement in TTWO stock as investors show interest in companies like Take-Two Interactive.

09.07.2024 - TTWO Stock was up 5.2%

• Following the release of its mixed fiscal first-quarter 2025 financial results, TTWO stock displayed a robust upward movement, drawing favorable reactions from analysts.
• Analysts' optimistic views on Take-Two's forthcoming content, especially related to the GTA series and GTA Online, played a significant role in driving the stock's upward trajectory.
• Analysts' bullish assessments, including increased price targets and reiterated Buy recommendations, bolstered investor confidence in Take-Two's future growth prospects.
• Take-Two's strong performance within a backdrop of encouraging analyst sentiments and favorable market conditions underscores the company's resilience and potential for long-term growth within the gaming industry.

09.07.2024 - TTWO Stock was up 5.5%

• Take-Two Interactive (TTWO) stock experienced a strong bullish movement following the release of its first-quarter earnings for fiscal year 2025.
• The company reported revenue growth of 4% to $1.34 billion, slightly surpassing analyst estimates, and an adjusted EPS of five cents, beating expectations.
• CEO Strauss Zelnick expressed optimism about the future, highlighting the company's vibrant franchises and ambitious development pipeline.
• Speculation surrounding the release of GTA 6 also contributed to the positive sentiment, with confirmation from Take-Two that the game is on track for a 2025 release, further boosting investor confidence in the stock.