All articles tagged with #ttwo
Take-Two Interactive stock fell about 7% after last week’s GTA VI rally cooled, with Bank of America saying the extended GTA VI reveal is unlikely to change the investment case and maintaining a Buy rating with a $368 target; retail investors on StockTwits bought the dip, signaling a split sentiment between bullish buyers and cautious traders.
Take-Two's stock edged higher despite new GTA 6 price leaks suggesting a US price up to $115 (€69.90-€99). Leaks come as some retailers opened pre-orders; the price is not confirmed. CEO Strauss Zelnick indicated ads in games and suggested the company may avoid releasing titles above about $80, implying a potential cap on pricing. On the day, TTWO rose slightly while remaining down about 5.5% year-to-date; volume was around 1.04 million shares, below the three-month average. Wall Street remains bullish with a Strong Buy consensus and a $294.75 target, signaling roughly 21% upside.
Take-Two Interactive's stock (TTWO) declined despite the release of an Xbox update for Grand Theft Auto 6, indicating that the market reaction may not be solely driven by the game's updates or release news.
Take-Two Interactive Software, the company behind Grand Theft Auto, is set to lay off 5% of its workforce and cancel several projects in a cost-saving initiative, expecting expenses of up to $200 million, including $140 million from canceled projects and $35 million in employee-related costs.