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In a report published today, George Maybach of Fintel highlighted JP Morgan’s Overweight stance on New York-based gaming firm Take-Two (NASDAQ:) Interactive Software (NASDAQ:TTWO), indicating a potential 14.36% upside with a one-year target price of $157.57.
This projection comes despite a 2.40% drop in institutional ownership. 1,461 funds, including notable investors such as the Public Investment Fund with a 6.72% stake and Capital International Investors, continue to maintain their investments in the company. Other significant shareholders include Capital World Investors and AGTHX – Growth Fund of America.
According to InvestingPro data, Take-Two Interactive Software has a market capitalization of $23.81 billion. The company has shown significant revenue growth, with a 45.82% increase in the last twelve months (LTM2024.Q1), bringing the total revenue to $5532.2 million. The company’s gross profit margin stands at 51.34%, showcasing its ability to retain a considerable portion of its revenue.
InvestingPro Tips highlights a few key points about the company’s financial performance. Take-Two Interactive Software has been operating with a moderate level of debt and its short-term obligations exceed liquid assets. Despite this, the company has shown a high return over the last decade and analysts predict the company will be profitable this year. It’s worth noting that the company does not pay a dividend to shareholders.
The gaming firm continues to show promise with projected revenues of $7,142 million and a put/call ratio of 0.80, suggesting more options traders are betting on an increase rather than a decrease in the stock’s price. This potentially reflects market sentiment aligning with JP Morgan’s bullish outlook.
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