Skip to main content

Market Overview

MKM Downgrades Take-Two On Valuation

Share:
MKM Downgrades Take-Two On Valuation

It's not completely clear what might be coming this year and when from game makers Take-Two Interactive Software, Inc (NASDAQ: TTWO), MKM Partners said in a Friday note.

The Analyst

MKM's Eric Handler downgraded Take-Two from Buy to Neutral and lowered the target price from $142 to $133.

The Thesis 

"We like the company but shares lack visibility and valuation looks full," Handler wrote in a note.

Handler said he continues to view Take-Two as the "best-run publisher in the video games space," with a strong portfolio of games, but is increasingly unsure of the company's pipeline for 2021.

"We are becoming more and more convinced Take-Two's FY21 release slate will include a below-average number of non-annualized, AAA game releases, and, as a result, consensus estimates are too high," Handler said.

Price Action

Take-Two shares are down 2.61% to $125.70 at time of publication Friday.

Related Links

Content Spree Could Lift This Video Game ETF

UBS Likes Take-Two's Proven Track Record In Video Game Space

 

Photo by John Sting on Unsplash

Latest Ratings for TTWO

DateFirmActionFromTo
Jun 2021JefferiesUpgradesHoldBuy
May 2021WedbushMaintainsOutperform
May 2021Credit SuisseMaintainsNeutral

View More Analyst Ratings for TTWO
View the Latest Analyst Ratings

 

Related Articles (TTWO)

View Comments and Join the Discussion!

Posted-In: Eric Handler MKM PartnersAnalyst Color Downgrades Price Target Analyst Ratings Tech General Best of Benzinga

Latest Ratings

StockFirmActionPT
GOTUCitigroupDowngrades12.0
ATERRoth CapitalMaintains25.0
FMTXSVB LeerinkMaintains54.0
TALCitigroupDowngrades
PLXSLoop CapitalMaintains105.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com