Take-Two Interactive (TTWO) PT Raised to $210 at BMO Capital

BMO Capital analyst Gerrick Johnson raised the price target on Take-Two Interactive (NASDAQ: TTWO) to $210.00 while maintaining an Outperform rating.

The analyst commented, "Take-Two's (TTWO) FY3Q22 results were ahead of expectations, and the company increased guidance by more than the beat, though 4Q guidance was still below existing Street expectations. Comments around elevated expenses continuing into FY23 negatively impacting margins may also be a concern. However, the company is known for conservative guidance. We look forward to a robust title pipeline, which now officially includes Grand Theft Auto VI."

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