JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its price target upped by JPMorgan Chase & Co. from $225.00 to $250.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 10.26% from the company’s current price.

A number of other analysts have also recently commented on the stock. Oppenheimer upped their price target on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Ascendiant Capital Markets upped their price target on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 7th. UBS Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $175.00 to $230.00 in a research report on Monday, January 27th. Finally, Moffett Nathanson upped their target price on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $225.48.

Take-Two Interactive Software Stock Down 2.4%

TTWO stock opened at $226.74 on Friday. The stock has a fifty day moving average of $214.89 and a 200-day moving average of $198.61. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $240.78. The company has a market capitalization of $40.02 billion, a price-to-earnings ratio of -10.63, a PEG ratio of 6.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83.

Institutional Trading of Take-Two Interactive Software

Several institutional investors have recently added to or reduced their stakes in the business. 1 North Wealth Services LLC purchased a new position in Take-Two Interactive Software in the 1st quarter worth approximately $29,000. Park Square Financial Group LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at about $28,000. North Capital Inc. purchased a new stake in shares of Take-Two Interactive Software during the first quarter worth about $35,000. Assetmark Inc. grew its stake in shares of Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in Take-Two Interactive Software in the 1st quarter worth approximately $37,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.