Take-Two Interactive Shares Surpass Analyst Target Price, What’s Next?
In recent trading, shares of Take-Two Interactive Software, Inc. (Symbol: TTWO) surpassed the average analyst 12-month target price of $224.77, currently trading at $225.38 per share. When a stock reaches an analyst’s target price, the analyst typically considers two options: downgrade their valuation or adjust their target price upward. The decision may also hinge on recent business developments that could justify a price increase. If the company appears to be improving, it might warrant a higher target price.
Within the Zacks coverage universe, there are 26 different analyst targets contributing to this average for Take-Two Interactive. However, it’s important to note that the average is just a mathematical midpoint. Some analysts have set lower targets, with the lowest being $190. Conversely, one analyst has established a target as high as $270, leading to a standard deviation of $17.077.
The motivation behind analyzing the average TTWO price target lies in the concept of collective intelligence, often referred to as the “wisdom of crowds.” This approach aggregates contributions from a variety of analysts, rather than relying solely on one expert’s opinion. As TTWO exceeds the average price of $224.77 per share, investors are encouraged to reassess the company’s value: could this milestone indicate a path to an even higher target, or has the valuation reached a level where it may be prudent to take some profits? Below is a summary of the current analyst outlook for Take-Two Interactive Software, Inc.:
| Recent TTWO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 21 | 21 | 21 | 18 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 2 | 2 | 2 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.24 | 1.24 | 1.24 | 1.35 |
The average rating displayed in the table is on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 signifies a Strong Sell. This report utilized data provided by Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of any affiliated entities.
