Chart of Day: Take-Two Interactive (TTWO)

Investors may want to keep an eye on Take-Two Interactive (TTWO) we said on Nov. 3. The gaming stock could push even higher, as millions of gamers wait for the release of Grand Theft Auto VI—one of the most anticipated game releases.

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At the time, TTWO traded at around $137.50.  Today, it’s up to $163.12 and could still push higher on three key catalysts. One, TTWO is joining the NASDAQ-100 on December 18. Two, TTWO is still running higher in anticipation of the Grand Theft Auto VI release. And three, TD Cowen analysts just named TTWO as a “best idea for 2024” with a $173 price target.

Sincerely,

Ian Cooper