Take-Two Interactive Soars on Grand Theft Auto Strength
Take-Two Interactive Software (NASDAQ: TTWO) has benefited greatly from the success of its Grand Theft Auto franchise, which has proven to be a lucrative moneymaker both in its original console form and in its newer online version. Yet time and time again, Take-Two investors are surprised by just how well the franchise continues to do long after its first release. It's their skepticism that leads to questions about whether Take-Two's stock has risen too far too fast, only to be proven wrong because of overly cautious growth predictions.
Coming into Wednesday's fiscal first-quarter financial report, Take-Two investors once again had modest expectations for the video-game maker's ability to build on its past success. But the company managed to produce yet another stellar quarter, posting impressive sales growth and proving that it still has plenty of potential for further gains. Let's look more closely at Take-Two Interactive Software to see what its latest report can tell us about its prospects.
Image source: Take-Two Interactive.
Source: Fool.com
Take-Two Interactive Stock
The stock is an absolute favorite of our community with 45 Buy predictions and no Sell predictions.
With a target price of 170 € there is a slightly positive potential of 16.2% for Take-Two Interactive compared to the current price of 146.3 €.
