- Jefferies upgrades Take-Two Interactive (NASDAQ:TTWO) from Hold to Buy with a $231 price target.
- Analyst Andrew Uerkwitz says the upgrade is based on moving past the FY21 guidance that the firm "identified as a risk" likely to miss Street estimates, and TTWO's further pipeline timing and product updates, which made the firm more confident about its full-year estimates.
- The analyst "could argue our FY23/24 estimates may prove conservative based on the upcoming pipeline."
- Take-Two shares are up slightly pre-market to $177.51.
- Recent news: Take-Two gains 6% in rough market as analysts absorb 'enormous' game pipeline
Take-Two Interactive upgraded at Jefferies on pipeline strength
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About TTWO Stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| TTWO | - | - |
| Take-Two Interactive Software, Inc. | ||