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Credit Suisse Raises Take-Two Interactive Price Target Ahead Of Q3 Print

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Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is scheduled to report its third quarter 2015 results on February 3. Stephen Ju of Credit Suisse on Monday wrote in a note the company is expected to report an adjusted earnings per share of $1.43 on revenue of $752.6 million and an adjusted EBITDA of $210.3 million.

According to Ju, the key contributors during the quarter include sales of "Borderlands: The Pre-Sequel," "Grand Theft Auto V" for next generation consoles and "NBA 2K15."

Ju also notes that the company's fourth-quarter guidance will serve as an indicator for expectations surrounding the new franchise "Evolve."

For the full year fiscal 2015, Ju estimates the company will report an adjusted earnings per share of $1.30 on $1.47 billion of revenue with an adjusted EBITDA of $217.8 million.

Shares are Neutral rated with a price target raised to $31 from a previous $24.

Latest Ratings for TTWO

DateFirmActionFromTo
Jun 2020MKM PartnersUpgradesNeutralBuy
May 2020Deutsche BankMaintainsBuy
May 2020BMO CapitalUpgradesMarket PerformOutperform

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Posted-In: Borderlands Credit Suisse Evolve Grand Theft Auto NBA 2K15 Stephen JuPrice Target Analyst Ratings

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ASMLWells FargoMaintains430.0
COSTOppenheimerMaintains355.0
SAPRBC CapitalMaintains150.0
BYNDBernsteinMaintains133.0
CMGCredit SuisseMaintains1,150.0
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