- Take-Two Interactive Software (NASDAQ:TTWO) is 1.9% lower out of the open following a downgrade to Market Perform at BMO, from Outperform.
- That's the latest outcome from a number of delays in the company's game release schedule, which has become a "disconcerting trend," the firm says.
- But Take-Two's delays are coming amid higher pressure in the sector, with pandemic trends pressing companies to grab for more paying players, and China cracking down on game companies (which BMO says may affect Take-Two more than rivals due to the growth opportunity there).
- There's also California's lawsuit against Activision Blizzard weighing on the sector at large.
- The firm's cut its price target to $150 from $225, vs. yesterday's close of $151.89.
- Wall Street is Bullish on Take-Two, as are Seeking Alpha authors; the stock has a Quant Rating of Neutral.
Take-Two slips 2% as BMO hits sidelines amid game delays
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Symbol | Last Price | % Chg |
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TTWO | - | - |
Take-Two Interactive Software, Inc. |