TTWO Stock Forecast: Take-Two Outlook Ahead of GTA VI Launch

(Source: business insider)

TTWO Stock Forecast: Take Two Interactive Has More Upside Potential

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • The stock of Take Two Interactive has risen almost 100% since my May 31, 2017 buy recommendation.
  • I am still endorsing TTWO as a buy. The video games industry is getting a long-term boost from the COVID-19 pandemic.
  • My fearless assessment is that TTWO deserves a 1-year price target of $170.
  • The upcoming 21 mobile games from Take Two Interactive convinced me that TTWO is a long-term winner.
  • The management’s five-year plan is to release 93 games, 47 of them are from existing titles. The rest will be newly-developed.

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