Alex Belov
Developers by oneinveststock.com. Analyst, investor
Take-Two is the Favorite Gaming Stock of an analyst from MKM Partners
Take-Two is the best gaming stock to buy according to analysts. Analyst firm MKM Partners has confirmed a $180 price target for Take-Two (TTWO) stock. Analyst Eric Handler at MKM Partners also maintained his Buy rating. As of July 19, 2022, the shares are trading at $123.65. Upside potential from current levels is 45.57%.
The analyst believes that Take-Two is the best idea in the video game industry right now. The game publisher has significant development and growth potential.
Analyst Eric Handler noted that the company has a solid foundation in the video game market. The publisher has many popular franchises, including Mafia, Civilization, BioShock and XCOM. In the future, all these franchises will be able to bring impressive profits to the company. The main source of profit over the next years will be the release of Grand Theft Auto 6. For example, GTA 5 still brings impressive profits to the company. And the release of the new part will be a powerful growth driver. The company’s report shows a significant increase in revenue in fiscal 2024. If we use historical data with the release dates of the Grand Theft Auto series after their announcement, then exactly 2024 is a reasonable year for the release of Grand Theft Auto 6.
DATE: 07/15/2022
Analyst "MKM Partners"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $180
Percent upside potential for stocks
45.57%
Take-Two is down 30% in 2022 as tech companies fall. Investors also worried about whether the company could effectively integrate its acquisition of mobile game developer Zynga. Analyst Handler says these concerns are overblown, as Take-Two has retained its core value of generating large profits from game sales.
The analyst predicts that in fiscal 2024 and 2025, the publisher will be able to average more than $10 in annual earnings per share. Wall Street’s current consensus is $8.03 and $9.92 (annual earnings per share) for 2024 and 2025, respectively. The current share price is 121-127 dollars during the month. You can follow Take-Two stocks and quotes in real time in the corresponding section of our website.
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