Benchmark Remains Bullish On Take-Two Interactive Software, Thanks To Sony and Microsoft - Take-Two Interactive (NASDAQ:TTWO)

Benchmark analyst Mike Hickey reiterated a Buy rating and $200 price target (29.1% upside) on Take-Two Interactive Software Inc TTWO.
The re-rating came after he confirmed software pricing with the company for the upcoming "Grand Theft Auto V" and "GTA Online" releases for Sony Group Corp SONY PlayStation 5 and Microsoft Corp MSFT Xbox Series X/S.
Hickey said the games would have a promotion launch window and post-launch window with different price points and SKUs, with the post-promotion launch window having the combined games at $40, compared to his original $60 expectation.
The analyst believes Rockstar Games has settled on a lower price point to surface a more value-oriented pricing schematic for the third generation console release and build a larger current-gen player audience.
Price Action: TTWO shares traded lower by 0.92% at $156.54 on the last check Tuesday.