On April 24, we noted, “After testing a high of $171.59 on GTA VI hype, Take-Two Interactive (TTWO) plummeted to a recent low of $138.93 on the game’s delay. Nowadays, with most of the negativity now priced in, oversold shares of TTWO are a bargain. Plus, it’s slowly starting to pivot higher from over-extensions on RSI, MACD, and Williams’ %R. From its last traded price of $141.72, I’d like to see it rally back to $171.59 with patience.”


At the time, TTWO traded at around $141. Today, it’s up to $145.88 and could soon refill its bearish gap at around $152.50.
Helping, “Jefferies believes Take-Two Interactive’s 5% headcount reduction and cancellation of several titles is a positive for the stock as the moves should drive better margins in FY26 post the GTA VI launch. The FY25 guidance and GTA VI are “likely to remain front-of-mind” into fiscal Q4 results, added the analyst, who has a Buy rating and $195 price target on Take-Two shares,” as noted by TheFly.com.
Sincerely,
Ian Cooper
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