Take-Two price target raised to $289 from $287 at Wells Fargo
Wells Fargo analyst Alec Brondolo raised the firm's price target on Take-Two to $289 from $287 and keeps an Overweight rating on the shares. The firm is not expecting Q1 earnings to represent a meaningful catalyst in either direction. Q1 bookings appear around in-line with consensus and Take-Two historically hasn't provided data on preorder unit trends or SKU mix, limiting potential for new GTA 6 disclosure, Wells adds.
Wells Fargo analyst Alec Brondolo raised the firm's price target on Take-Two to $289 from $287 and keeps an Overweight rating on the shares.
The firm is not expecting Q1 earnings to represent a meaningful catalyst in either direction.
Q1 bookings appear around in-line with consensus and Take-Two historically hasn't provided data on preorder unit trends or SKU mix, limiting potential for new GTA 6 disclosure, Wells adds.