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UPDATE: Hilliard Lyons Raises PT to $15 on Take-Two Interactive Software on Outlook and Valuation

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Hilliard Lyons reiterated its Buy rating on Take-Two Interactive Software (NASDAQ: TTWO) and raised its price target from $14 to $15.

Hilliard Lyons said, "Based on better-than-expected sales of new videogame release Borderlands 2 and an easy comparison to a low volume quarter a year ago, non-GAAP net revenues jumped 169% to $288 million. Gross margin and operating margin also surged. … Our price is $15 per share, $1 above our previous figure. This represents 7.5x our FY14 EPS estimate and 15x an estimated three-year average EPS figure for FY13-FY15. We feel this multiple assumption is reasonable given factors such as earnings outlook, cash flow potential, the overall product portfolio, and historical valuation ranges."

Take-Two Interactive Software closed at $11.15 on Thursday.

Latest Ratings for TTWO

Oct 2016OppenheimerInitiates Coverage OnOutperform
Aug 2016JefferiesMaintainsBuy
May 2016JefferiesMaintainsBuy

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