Take-Two Interactive Stock (NASDAQ: TTWO)

Take-Two Interactive Stock (NASDAQ:TTWO), Trade Ideas

Take-Two Interactive

Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.".

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Electronic Arts (EA) braces for F4Q earnings on May 7 amid industry challenges. Explore key insights and strategies.

Can Electronic Arts Overcome Gaming Headwinds? What To Expect From Upcoming Q4 Earnings

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Embracer Group&#39;s bold move to split into three distinct companies, including Asmodee Group and Coffee Stain &amp; Friends, boosts shares by 18%.

Embracer Group&#39;s Shares Soar After Split Announcement: Strategic Restructuring Unveiled

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Take-Two Interactive plans to reduce its workforce by 5% as part of a cost reduction program aimed at enhancing efficiency and margin profile, with an estimated total charge of $160 million to $200 million, while anticipating the release of Grand Theft Auto VI in 2025.

Grand Theft Auto Maker Take-Two Interactive To Slash 5% Workforce - What&#39;s Going On?

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Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is set to report its fiscal fourth-quarter (F4Q) earnings on May 7 after the market closes. With the gaming landscape facing macroeconomic headwinds and specific challenges, EA&#8217;s upcoming earnings are <a href="https://www.benzinga.com/topic/video-games">approached with moderated expectations</a>.
EA Analysts&#8217; Overview: Oppenheimer analysts Martin Yang, CFA, and Andrew Northcutt continue to rate EA as Outperform with a price target of $150. 
Despite current market challenges, they believe EA&#8217;s valuation provides decent downside protection.
See Also: <a href="https://www.benzinga.com/general/gaming/24/04/38226663/ea-drops-uk-quality-team-leaves-40-apex-legends-staffers-in-limbo">EA Drops UK Quality Team, Leaves 40 Apex Legends Staffers In Limbo</a>
Moderated Expectations: The analysts have adjusted their outlook, anticipating EA&#8217;s performance to align with conservative guidance due to softer live service bookings and a leaner release slate. 
&#8220;We see investor sentiment as neutral to slightly negative into EA&#8217;s F4Q24 earnings,&#8221; Martin Yang noted, attributing the sentiment to the subdued macro outlook on the console game market and performance issues in titles like Apex Legends.
Strategic Overview:
<ul>
<li>Game Releases: EA plans to bolster its portfolio with highly anticipated titles such as College Football, Need for Speed, and Dragon Age Dreadwolf.</li>
<li>Digital and Mobile Growth: Continued expansion in digital sales and mobile gaming platforms is expected, leveraging strong franchises and new content.</li>
<li>Hardware Sales: The company also anticipates a rebound in gaming hardware sales as next-generation consoles gain traction.</li>
</ul>
Revenue and Profit Outlook:
<ul>
<li>Revenue Streams: Although live services are experiencing slower growth, EA&#8217;s digital segment is expected to maintain its expansion, supported by ongoing user engagement.</li>
<li>Margin Expansion: Improvements in game development and marketing efficiency are likely to enhance margins.</li>
</ul>
Investor Catalysts: The analysts highlight several factors that could positively influence investor sentiment:
<ul>
<li>New game launches and a strategic focus on digital transformation are expected to reinforce EA&#8217;s market position.</li>
<li>Potential small-scale mergers and acquisitions are viewed as opportunities for strategic growth and innovation.</li>
</ul>
Looking Ahead: For the F4Q report, Yang and Northcutt predict a cautious yet strategic approach, with discussions on new initiatives likely during the earnings call, especially relating to EA&#8217;s digital and mobile strategies.
Market Position: &#8220;With a clearer catalyst path into C2H24, we view EA as a better buy than Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), in the near term,&#8221; the analysts said.
EA Price Action: Electronic Arts stock was trading at $127.50 at the time of publication, up 0.32% in the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro. </a>
Read Next: <a href="https://www.benzinga.com/news/24/04/38185551/ea-raising-price-of-ea-play-subscription-games-industry">&#8216;EA Raising Price Of EA Play Subscription&#8217; </a>
Image credits: <a href="https://www.shutterstock.com/es/g/Sergei_Elagin">Sergei Elagin</a> on Shutterstock.

Oppenheimer analyst Martin Yang maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Outperform and maintains $185 price target.

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Oppenheimer Maintains Outperform on Take-Two Interactive, Maintains $185 Price Target

Embracer Group AB (OTC:<a class="ticker" href="https://www.benzinga.com/stock/THQQF#OTC">THQQF</a>), the Swedish gaming conglomerate, is undergoing a split into three distinct companies: Asmodee Group, Coffee Stain &amp; Friends and Middle-earth Enterprises &amp; Friends. 
Shares of the company known for owning rights to popular franchises like Tomb Raider and The Lord of the Rings, surged by up to 18% upon opening trading in Stockholm following the announcement.
See Also: <a href="https://www.benzinga.com/markets/asia/23/08/33867826/the-mystery-behind-embracers-2b-partnership-collapse-involves-saudi-arabia-report">The Mystery Behind Embracer&#8217;s $2B Partnership Collapse Involves Saudi Arabia: Report</a>
Under the plan, Asmodee Group will oversee tabletop games publishing and distribution, with an anticipated listing within the next 12 months. 
Meanwhile, Coffee Stain &amp; Friends will focus on indie and free-to-play games for various platforms, with a stock listing expected in 2025. Shareholders of Embracer Group AB will receive shares of both companies as a dividend.
In a blog post, Embracer&#8217;s CEO, Lars Wingefors,<a href="https://embracer.com/releases/embracer-group-announces-its-intention-to-transform-into-three-standalone-publicly-listed-entities-at-nasdaq-stockholm/"> stated</a>: &#8220;This move towards three independent companies reinforces Embracer's vision of backing entrepreneurs and creators with a long-term mindset, allowing them to continue to deliver unforgettable experiences for gamers and fans across the globe.&#8221;
The changes follow Embracer&#8217;s aggressive &#8220;restructuring&#8221; efforts subsequent to losing a $2 billion partnership deal last year. 
&#8220;This move has been made with the intention to unleash the full potential of each team and provide them with their own leadership and strategic direction.&#8221; This action includes shutting down projects, global layoffs, and the<a href="https://www.benzinga.com/general/gaming/24/03/37996149/embracer-group-strikes-460m-stock-deal-sells-gearbox-entertainment-to-take-two"> sale of Gearbox to </a>Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>).
In summary, the breakdown of the new companies is as follows:
<ul>
<li>Middle-earth Enterprises &amp; Friends, previously Embracer Group, will focus on AAA game development and publishing, retaining ownership of IPs like Tomb Raider and The Lord of the Rings.</li>
<li>Asmodee Group will center on tabletop games, including established titles like Ticket to Ride and developing licensed games based on popular franchises such as Marvel and Star Wars.</li>
<li>Coffee Stain &amp; Friends will concentrate on indie, mid-market, and free-to-play games, with properties like Goat Simulator and Valheim.</li>
</ul>
Wingefors expressed his commitment to the new entities as an active, committed, and supportive shareholder, envisioning an &#8220;evergreen horizon.&#8221; 
Price Action: Embracer Group is currently trading at $2.52, up 8.15% in the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Read Next: <a href="https://www.benzinga.com/general/gaming/24/02/37164963/embracer-signals-further-layoffs-1-387-job-cuts-only-the-beginning">Embracer Signals Further Layoffs: 1,387 Job Cuts Only The Beginning</a>
Photo: Chase D&#8217;animulls via Shutterstock

Embracer Group's Shares Soar After Split Announcement: Strategic Restructuring Unveiled

Benchmark analyst Mike Hickey reiterates Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and maintains $200 price target.

Reiteration

Benchmark Reiterates Buy on Take-Two Interactive, Maintains $200 Price Target

In the last three months, 11 analysts have published ratings on Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $190.55, a high estimate of $200.00, and a low estimate of $175.00. Witnessing a positive shift, the current average has risen by 11.15% from the previous average price target of $171.43.
<img src="https://www.benzinga.com/files/images/story/2024/1713373259_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Take-Two Interactive among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$190.00</td>
<td>-</td>
</tr>
<tr>
<td>Jason Bazinet</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$175.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Uerkwitz</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$195.00</td>
<td>-</td>
</tr>
<tr>
<td>David Karnovsky</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>Eric Handler</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$185.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$190.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Fitzgerald</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$193.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$165.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Take-Two Interactive. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Take-Two Interactive compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Take-Two Interactive's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Take-Two Interactive's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TTWO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Take-Two Interactive analyst ratings.</a>
<h2>Get to Know Take-Two Interactive Better</h2>
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires &amp; Puzzles," and "CSR Racing.".
<h3>Unraveling the Financial Story of Take-Two Interactive</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, Take-Two Interactive faced challenges, resulting in a decline of approximately -2.95% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -6.7%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -1.08%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Take-Two Interactive's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.61%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Take-Two Interactive's debt-to-equity ratio is below the industry average at 0.41, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 11 Takes On Take-Two Interactive

Wedbush analyst Nick McKay reiterates Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Outperform and maintains $190 price target.

Wedbush Reiterates Outperform on Take-Two Interactive, Maintains $190 Price Target

Take-Two Interactive Software, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) said it will eliminate headcount and reduce future hiring needs&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">as a part of its cost reduction program.</a>
The Grand Theft Auto maker said it is trying to identify efficiencies across its business and enhance the margin profile while still investing for growth, according to an&nbsp;<a target="_blank" href="https://taketwointeractivesoftwareinc.gcs-web.com/static-files/b6e34920-92be-4751-8b7a-7334558bf5ac" rel="noreferrer noopener">exchange filing</a>.
The company estimates that it will incur approximately $160 million to $200 million in total charges in connection with the plan.&nbsp;
The company expects $40 million to $60 million of the total charges to result in future cash expenditures. The total charge consists of approximately $120 million to $140 million related to title cancellations, approximately $25 million to $35 million associated with employee severance and employee-related costs, and roughly $15 million to $25 million related to office space reductions.&nbsp;
The plan is expected to be complete by December 31 and reduce the company's workforce by approximately 5%.
Take-Two had 11,580 full-time employees at the conclusion of its most recent fiscal year, Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-16/take-two-to-cut-workforce-5-drop-projects-in-savings-drive?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>.
Anticipated for release in 2025, Grand Theft Auto VI is poised to become one of the highest-grossing media products ever, the report read.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, TTWO stock has gained over 16% in the past year. Investors can gain exposure to the stock via&nbsp;Roundhill Video Games ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NERD#NASDAQ">NERD</a>) and&nbsp;VanEck Video Gaming And ESports ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPO#NASDAQ">ESPO</a>).
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/04/38210300/video-check-out-the-epic-recreation-of-gta-6-trailer-in-real-life" rel="noreferrer noopener">VIDEO: Check Out The Epic Recreation Of GTA 6 Trailer In Real Life</a>
Price Action:&nbsp;TTWO shares are trading higher by 0.39% to $146.00 premarket on the last check Wednesday.

Grand Theft Auto Maker Take-Two Interactive To Slash 5% Workforce - What's Going On?

Guidance

Take-Two Interactive Announced Cost Reduction Program, Expects $160M-$200M In Charges, Eliminates Projects, and Reduces Workforce By 5%; Anticipates Over $165M Annual Savings

Take-Two Interactive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NYSE">TTWO</a>) short percent of float has fallen 6.21% since its last report. The company recently reported that it has 8.49 million shares sold short, which is 5.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Take-Two Interactive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713187827_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Take-Two Interactive has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Take-Two Interactive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Take-Two Interactive's peer group average for short interest as a percentage of float is 3.83%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

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Looking Into Take-Two Interactive's Recent Short Interest

YouTuber Andrew Levitt recently caught everyone&#8217;s attention by recreating Take-Two Interactive Software Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) Grand Theft Auto 6&#8217;s announcement trailer using<a href="https://www.benzinga.com/general/entertainment/24/02/37078755/florida-joker-now-wants-to-voice-gta-6-after-legal-threats-im-the-reason-the-game-is-so-hyp"> real-life footage. </a>
Collaborating with Primecutpro, they painstakingly mirrored the original trailer and even synced it with Tom Petty&#8216;s &#8220;Love Is a Long Road&#8221; soundtrack. 
See Also: <a href="https://www.benzinga.com/general/gaming/23/12/36117385/the-real-stories-behind-gta-6-trailers-iconic-florida-man-moments-did-you-catch-this-reference">The Real Stories Behind GTA 6 Trailer&#8217;s Iconic &#8216;Florida Man&#8217; Moments, Did You Catch This Reference?</a>
Levitt shared a behind-the-scenes look at the making of the video, showcasing the dedication it took to pull off such a feat.
The buzz surrounding GTA 6 is massive, with analysts dubbing it potentially the most significant game release in history. While the game is slated for a 2025 release, there&#8217;s speculation about potential delays, given Rockstar Games&#8217; history of pushing back release dates.
Reports suggest GTA 6 is nearing completion, eyeing a release either in Fall 2025 or possibly slipping into 2026. 
However, tensions are brewing as Rockstar Games enforces a <a href="https://www.benzinga.com/general/gaming/24/03/37919460/will-grand-theft-auto-6-get-pushed-to-2026-rockstar-in-office-mandate-could-delay-release">return-to-office policy</a> for most staff members starting April 15 to finalize the game and prevent leaks. This move hasn&#8217;t gone down well with some employees, who argue for the importance of remote work.
Developed by Rockstar North in Edinburgh, Scotland, with contributions from teams worldwide, GTA VI is a project driven by a quest for perfection, as emphasized by parent company Take-Two. 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="I Recreated the GTA VI Trailer in Real Life" width="500" height="281" src="https://www.youtube.com/embed/NaAtXSGn65I?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read Next: <a href="https://www.benzinga.com/general/gaming/24/03/37711465/gta-6-is-most-important-title-in-gaming-industry-analyst">GTA 6 Is Most Important Title In Gaming Industry: Analyst</a>
Image credits: Screenshot via YouTube.

Entertainment

VIDEO: Check Out The Epic Recreation Of GTA 6 Trailer In Real Life

High-rolling investors have positioned themselves bullish on Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TTWO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Take-Two Interactive. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $31,850, and 8 calls, totaling $1,209,688.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $200.0 for Take-Two Interactive, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Take-Two Interactive stands at 2243.67, with a total volume reaching 2,207.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Take-Two Interactive, situated within the strike price corridor from $145.0 to $200.0, throughout the last 30 days.
<h3>Take-Two Interactive 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712777467_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$5.55</td>
<td>$5.05</td>
<td>$5.3</td>
<td>$160.00</td>
<td>$710.7K</td>
<td>5.9K</td>
<td>3</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.15</td>
<td>$8.1</td>
<td>$8.15</td>
<td>$165.00</td>
<td>$172.7K</td>
<td>198</td>
<td>0</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$5.45</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$160.00</td>
<td>$152.8K</td>
<td>5.9K</td>
<td>1.6K</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$21.15</td>
<td>$19.55</td>
<td>$20.29</td>
<td>$165.00</td>
<td>$41.2K</td>
<td>117</td>
<td>20</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$5.4</td>
<td>$5.1</td>
<td>$5.25</td>
<td>$175.00</td>
<td>$38.8K</td>
<td>5.8K</td>
<td>180</td>
</tr>
</tbody>
</table>

<h3>About Take-Two Interactive</h3>
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires &amp; Puzzles," and "CSR Racing.".
Following our analysis of the options activities associated with Take-Two Interactive, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Take-Two Interactive</h3>
<ul>
<li>Trading volume stands at 844,453, with TTWO's price down by -1.73%, positioned at $152.03.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 35 days.</li>
</ul>
<h3>What The Experts Say On Take-Two Interactive</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $190.0.
<ul>
<li>An analyst from Stifel has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $175. </li>
<li>An analyst from Jefferies downgraded its action to Buy with a price target of $195. </li>
<li>An analyst from Citigroup has elevated its stance to Buy, setting a new price target at $200. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Take-Two Interactive, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Spotlight on Take-Two Interactive: Analyzing the Surge in Options Activity

Citigroup analyst Jason Bazinet upgrades Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) from Neutral to Buy and raises the price target from $170 to $200.

Upgrades

Citigroup Upgrades Take-Two Interactive to Buy, Raises Price Target to $200

High-rolling investors have positioned themselves bullish on Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TTWO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Take-Two Interactive. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $29,900, and 7 calls, totaling $1,328,065.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $175.0 for Take-Two Interactive during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Take-Two Interactive's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Take-Two Interactive's whale activity within a strike price range from $150.0 to $175.0 in the last 30 days. 
<h3>Take-Two Interactive Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712588503_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$6.35</td>
<td>$6.15</td>
<td>$6.3</td>
<td>$160.00</td>
<td>$1.1M</td>
<td>8.6K</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$19.55</td>
<td>$18.5</td>
<td>$18.5</td>
<td>$155.00</td>
<td>$46.2K</td>
<td>435</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$5.85</td>
<td>$5.8</td>
<td>$5.85</td>
<td>$175.00</td>
<td>$40.9K</td>
<td>6.3K</td>
<td style="text-align: right;">145</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$5.85</td>
<td>$5.75</td>
<td>$5.85</td>
<td>$175.00</td>
<td>$35.6K</td>
<td>6.3K</td>
<td style="text-align: right;">43</td>
</tr>
<tr>
<td>TTWO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$4.7</td>
<td>$4.55</td>
<td>$4.6</td>
<td>$150.00</td>
<td>$29.9K</td>
<td>65</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Take-Two Interactive</h3>
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires &amp; Puzzles," and "CSR Racing.".
Having examined the options trading patterns of Take-Two Interactive, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Take-Two Interactive</h3>
<ul>
<li>With a volume of 372,340, the price of TTWO is up 2.13% at $154.26. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>What The Experts Say On Take-Two Interactive</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $185.0.
<ul>
<li>An analyst from Stifel has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $175. </li>
<li>An analyst from Jefferies downgraded its action to Buy with a price target of $195. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Take-Two Interactive, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Take-Two Interactive Unusual Options Activity

In 2023, despite the release of highly anticipated blockbusters like Spider-Man 2, Starfield, and The Legend of Zelda: Tears of the Kingdom, gamers continued to devote the majority of their time to older titles such as Take-Two Interactive Software Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) <a href="https://www.benzinga.com/general/gaming">Grand Theft Auto 5 and Epic Games&#8217; Fortnite. </a>
According to a report by video game market analyst Newzoo (<a href="https://kotaku.com/old-games-2023-playtime-data-fortnite-roblox-minecraft-1851382474">via</a> Kotaku), 66 games constituted 80% of overall playtime, with a significant 60% attributed to games released six years ago or more.
Newzoo&#8217;s analysis, based on monthly active users across various markets, revealed that new releases struggled to break into the top ranks.
See Also:<a href="https://www.benzinga.com/general/gaming/24/03/37567854/epic-victory-fortnite-returns-to-ios-in-europe-as-apple-relents-on-eu-ban"> Epic Victory &#8211; Fortnite Returns To iOS In Europe As Apple Relents On EU Ban</a>
Only a few new titles managed to gain traction, with Fortnite emerging as the most played game across all platforms, alongside other enduring favorites like Roblox, Minecraft, and Call of Duty. 
Moreover, in 2023, over half of the 23% of playtime dedicated to new games was consumed by annual sequels like Madden or NBA titles. 
Merely 8% of total playtime was allocated to fresh, non-annual releases. "It will be increasingly challenging to grow a game's playerbase," said Newzoo in the report, "particularly in our current landscape, where evergreen titles and robust content pipelines reign supreme." 
<h3 class="wp-block-heading">Breaking Through The Classics</h3>
Despite the dominance of older games, a handful of new releases achieved notable success. Diablo 4 led the pack among new titles, followed by Warner Bros. Discovery Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) Hogwarts Legacy, Baldur&#8217;s Gate 3, Elden Ring, and Starfield. 
These games, although garnering comparatively lower playtime percentages, still achieved significant milestones. For instance, Diablo 4 witnessed a record-breaking launch month; Hogwarts Legacy became the best-selling game of 2023, marking a departure from the typical dominance of franchises like Call of Duty.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/04/38081404/rockstar-delights-fans-bully-la-noire-added-to-gta-library-anticipates-big-summer-update-for-gta-o">Rockstar Delights Fans &#8211; Bully, LA Noire Added To GTA+ Library, Anticipates &#8216;Big&#8217; Summer Update For GTA Online</a>

Fortnite, GTA 5 Dominate Gaming Landscape Despite Blockbuster Releases

Take-Two Interactive Software Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) Rockstar Games revealed its plans to expand the &#8220;Games Included With GTA+&#8221; library later in 2024 by adding Bully and LA Noire. The announcement hints at the possibility of additional classic <a href="https://www.benzinga.com/general/gaming/23/12/36401973/gta-5-leak-exposes-8-unreleased-single-player-dlcs-whats-behind-rockstars-decision">Rockstar titles joining the collection.</a>
Bully, originally released in 2006, is a beloved open-world game developed by Rockstar Vancouver. While a sequel was once in development, it never materialized. Recent leaks suggested elements of Bully 2 will be incorporated into other Rockstar games like <a href="https://www.benzinga.com/general/gaming/24/03/37856435/new-red-dead-redemption-2-update-unveiled-but-fans-are-left-wanting-more">Red Dead Redemption 2.</a>
See Also: <a href="https://www.benzinga.com/general/gaming/24/03/37919460/will-grand-theft-auto-6-get-pushed-to-2026-rockstar-in-office-mandate-could-delay-release">Will Grand Theft Auto 6 Get Pushed To 2026?</a>
LA Noire, developed by Team Bondi and released in 2011, is set in 1947 Los Angeles. Despite fan demand for a sequel, Team Bondi is no longer active.
Rockstar also teased a new supercar to be included in an upcoming &#8220;big&#8221; GTA Online update this summer, which will be available as part of the GTA+ Membership.
Moreover, the video game publisher unveiled a bonus for GTA+ Members: &#8220;From April through August, all GTA+ Members will receive an extra bonus of GTA$1,000,000 every month — delivered alongside their usual GTA$500,000 upon billing and deposited automatically into their Maze Bank account.&#8221;
Amidst these announcements, anticipation for GTA 6 is building, slated for release in 2025. However, Rockstar has not disclosed the fate of the existing GTA Online game once GTA 6 launches.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/03/37711465/gta-6-is-most-important-title-in-gaming-industry-analyst">GTA 6 Is Most Important Title In Gaming Industry: Analyst</a>
Photo: <a href="https://www.shutterstock.com/es/g/Sergei_Elagin">Sergei Elagin</a> on Shutterstock.

Rockstar Delights Fans: Bully, LA Noire Added To GTA+ Library, Anticipates 'Big' Summer Update For GTA Online

Analysts' ratings for Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) over the last quarter vary from bullish to bearish, as provided by 10 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $190.6, a high estimate of $200.00, and a low estimate of $175.00. Witnessing a positive shift, the current average has risen by 11.03% from the previous average price target of $171.67.
<img src="https://www.benzinga.com/files/images/story/2024/1712001663_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Take-Two Interactive by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$175.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Uerkwitz</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$195.00</td>
<td>-</td>
</tr>
<tr>
<td>David Karnovsky</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>Eric Handler</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$185.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$190.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Fitzgerald</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$193.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$200.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Take-Two Interactive. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Take-Two Interactive compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Take-Two Interactive's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Take-Two Interactive's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TTWO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Take-Two Interactive analyst ratings.</a>
<h2>Get to Know Take-Two Interactive Better</h2>
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires &amp; Puzzles," and "CSR Racing.".
<h3>Take-Two Interactive's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Challenges: Take-Two Interactive's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -2.95%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Take-Two Interactive's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -6.7%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Take-Two Interactive's ROE excels beyond industry benchmarks, reaching -1.08%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Take-Two Interactive's ROA stands out, surpassing industry averages. With an impressive ROA of -0.61%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Take-Two Interactive's debt-to-equity ratio is below the industry average. With a ratio of 0.41, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 10 Analyst Recommendations For Take-Two Interactive

Stifel analyst Drew Crum maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and maintains $175 price target.

Stifel Maintains Buy on Take-Two Interactive, Maintains $175 Price Target

Jefferies analyst Andrew Uerkwitz assumes Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy rating and announces Price Target of $195.

Initiation

Jefferies Assumes Take-Two Interactive at Buy, Announces Price Target of $195

Embracer Group Unsponsored ADR (OTCMKTS: EBCRY)&nbsp;announced the divestment this week of Gearbox Entertainment to Take-Two Interactive Software Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) for $460 million in a deal expected to be <a href="https://www.benzinga.com/general/gaming">finalized by the end of June.</a>
This deal includes Gearbox Software, Gearbox Montreal, Gearbox Studio Quebec&nbsp;and several franchises like Borderlands and Duke Nukem. According to the press release, Embracer will retain some assets such as Gearbox Publishing San Francisco, Cryptic Studios, Lost Boys Interactive&nbsp;and Captured Dimensions, integrating them elsewhere within the company.
See Also:&nbsp;<a href="https://www.benzinga.com/general/gaming/24/02/37164963/embracer-signals-further-layoffs-1-387-job-cuts-only-the-beginning">Embracer Signals Further Layoffs: 1,387 Job Cuts Only The Beginning</a>
Under Take-Two&#39;s 2K division, Gearbox will continue to operate under CEO Randy Pitchford. The studio is developing new installments for Borderlands and Homeworld, along with an undisclosed intellectual property.
Interestingly, the acquisition will be settled in Take-Two shares rather than cash. Embracer originally bought Gearbox for $363 million, with additional payments contingent on hitting specific targets.
Gearbox&#39;s partnership with Take-Two extends back years, notably with the Borderlands franchise. The two companies collaborated on projects like the Borderlands film and the game Battleborn.
Embracer Group&#39;s divestment of Gearbox follows a series of strategic shifts, including the recent sale of Saber Interactive. The company has undergone significant restructuring, marked by closures like Saints Row developer Volition and the cancellation of an unannounced Deus Ex game.
These moves come after Embracer&#39;s extensive acquisition streak faced setbacks in the previous year, including layoffs affecting over 900 employees, with further restructuring anticipated.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/asia/23/08/33867826/the-mystery-behind-embracers-2b-partnership-collapse-involves-saudi-arabia-report">The Mystery Behind Embracer&#39;s $2B Partnership Collapse Involves Saudi Arabia: Report</a>
Image created with photos from Shutterstock.

Embracer Group Strikes $460M Stock Deal, Sells Gearbox Entertainment To Take-Two

Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has outperformed the market over the past 20 years by 1.7% on an annualized basis producing an average annual return of 9.58%. Currently, Take-Two Interactive has a market capitalization of $24.67 billion. 
Buying $100 In TTWO: If an investor had bought $100 of TTWO stock 20 years ago, it would be worth $601.39 today based on a price of $144.63 for TTWO at the time of writing.
<h3>Take-Two Interactive's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711639812_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Take-Two Interactive 20 Years Ago Would Be Worth Today

Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), the name behind the hit gaming franchise Grand Theft Auto, is dropping multiple projects and lowering its headc...

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Wedbush analyst Nick McKay maintained a Buy rating on Take-Two (TTWO – Research Report) today and set a price target of $190.00. The company's shar...

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Take-Two Interactive&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ttwo-stock-quote/">TTWO</a>) is scaling back operations, starting with job cuts. The company behind the Grand Theft Auto franchise is battling a difficult economic landscape. As of this writing, TTWO stock is down almost 10% year-to-date (YTD).



The incoming changes at Take-Two include multiple canceled projects and a <a href="https://www.bloomberg.com/news/articles/2024-04-16/take-two-to-cut-workforce-5-drop-projects-in-savings-drive?sref=0N1JmzAH">5% workforce reduction</a>. This means that <a href="https://www.ign.com/articles/take-two-announces-layoffs-while-canceling-multiple-in-development-projects">579 workers</a> will be impacted by the Take-Two layoffs. Still, while shares are down today on the news, investors should focus on the bigger picture. This industry leader&rsquo;s bad news may have implications for the entire gaming sector. 



Does this mean investors should sell TTWO stock before things get worse? Let&rsquo;s take a closer look.



<h2>What the Take-Two Layoffs Mean</h2>



Anyone who follows the gaming market likely isn&rsquo;t surprised by the Take-Two layoffs. Other video game producers, including Unity Software (NYSE:<a href="https://investorplace.com/stock-quotes/u-stock-quote/">U</a>) and Riot Games, have <a href="https://investorplace.com/2024/01/unity-layoffs-2024-what-to-know-about-the-latest-u-job-cuts/#:~:text=Unity%20(U)%20layoffs%20are%20in,a%20rough%20year%20in%202023.">opted for job cuts</a> this year. Industry leader Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) laid off <a href="https://investorplace.com/2024/01/microsoft-layoffs-2024-what-to-know-about-the-latest-msft-job-cuts/">9% of its gaming division</a> in January, promoting further speculation that the sector is facing problems. Even exposure to the metaverse and Web3 hasn&rsquo;t helped these companies rise above strong macroeconomic headwinds.



For Take-Two, the decision to conduct layoffs seems to be due to a need for restructuring. Although CEO Strauss Zelnick said in February that the company had <a href="https://www.ign.com/articles/take-two-ceo-says-they-have-no-current-plans-for-layoffs-amid-cost-reduction-program">no plans for layoffs</a>, things have clearly shifted. It&rsquo;s also worth noting that several company leaders <a href="https://www.gamespot.com/articles/gta-6-parent-company-to-cancel-games-and-lay-off-5-of-staff/1100-6522706/">offloaded TTWO stock</a> recently as part of their trading plans. As Gamespot reports:




&ldquo;CEO Strauss Zelnick and president Karl Slatoff both sold a significant amount of Take-Two stock on April 12, ahead of the announcement of the finalized cost-cutting plan. According to&nbsp;<a href="https://taketwointeractivesoftwareinc.gcs-web.com/static-files/19ee748c-7e46-4769-9cca-e5c04bb577d5" target="_blank">documents</a>&nbsp;<a href="https://taketwointeractivesoftwareinc.gcs-web.com/static-files/59c8c472-0468-42a0-879e-9c107cce97dd" target="_blank">filed</a>&nbsp;with the SEC, Zelnick and Slatoff each sold off roughly $13 million worth of Take-Two stock at the end of last week. The sales were made as part of a Rule 10b5-1 trading plan, which allows for insiders at publicly traded companies to sell their stocks.&rdquo;




While news of the Take-Two layoffs is sending TTWO stock down today, shares have already been trending downward for weeks. The market is clearly uncertain about this name&rsquo;s future, even as management takes steps toward cost-saving measures.



Job cuts can sometimes signal a turnaround for a stock. But in this case, Take-Two may have to do more in order to snap the losing streak. For now, TTWO&rsquo;s performance has likely spooked investors who were already worried about gaming stocks.



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/take-two-layoffs-2024-what-to-know-about-the-latest-ttwo-job-cuts/">Take-Two Layoffs 2024: What to Know About the Latest TTWO Job Cuts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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