|Bid||122.62 x 1100|
|Ask||122.62 x 1000|
|Day's Range||121.96 - 123.33|
|52 Week Range||84.41 - 135.70|
|Beta (3Y Monthly)||0.71|
|PE Ratio (TTM)||39.61|
|Earnings Date||Feb 4, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||137.15|
When the dentist advises you to brush your teeth, what do you do? You brush your teeth. And when the car mechanic urges you to pump your tires, you’re going to listen to his advice and pump them, right?Well, investing is not much different: when you need some guidance, you heed the expert’s advice.Deutsche Bank is Germany’s largest bank, and one of the world’s largest by total assets. It staffs some of the best analysts on the Street and it currently ranks as number 7 in TipRanks Top Performing Research Firms chart.With this in mind, we decided to take a look at some of the German giant’s recent stock recommendations. Let’s jump right in.Mastercard (MA)Payment processing giant Mastercard has a huge market cap of $281 billion and has swiped its way into the public’s conscience via its ubiquitous presence in our everyday life.Even so, it is not one to rest on its laurels, and has many income streams. The company is developing its ACH (Automated Clearing House) infrastructure, winning new market share (it is in the process of adding Santander in the UK, BNP Paribas, and BMW portfolio, amongst others) and working with fintech disruptors such as Revolut, N26, and Monzo.5-star Deutsche analyst Bryan Keane thinks the multinational firm has an “operating model that delivers,” noting, “MA is dedicated to expanding its card business while also layering on incremental network growth over the mid to long-term through new opportunities such as ACH/real-time payments, B2B, cross-border account-to-account and new applications like bill pay.”The Bill Pay Exchange is set to launch in the US in 4Q19 and represents a big investment for Mastercard. The service will allow consumers to pay bills without having to remember multiple passwords, set up accounts with different billers, and log into multiple websites. Mastercard believes it can become a key player in the bill presentment and payer market.Keane added, “Overall, we believe MA can continue to grow solid low-double-digits top-line (propelling into mid-teens growth) and deliver operating leverage even while investing in future network expansion initiatives, which should drive EPS growth above the high-teens, in our view.”To this end, Keane reiterated a Buy rating on MA, with a price target of $320, which provides potential upside of 15% from its current price of $277. (To watch Keane’s track record, click here)All in all, over the last three months, MA stock has received a whopping 18 Buy ratings. As a result, the stock has a ‘Strong Buy’ analyst consensus rating. These analysts believe (on average) that the financial services giant has big upside potential of over 13% from the current share price. This would take MA from $278.34 all the way to $316.13. (See Mastercard stock analysis on TipRanks)Take-Two (TTWO)Popular video game holding company, Take-Two, might have a problem. However, its problem is one most companies would like to have: how do you follow a bonanza success with another?Its most successful game, Grand Theft Auto V, (made by Rockstar Games, one of the holding company’s publishing labels), has sold more than 115 million copies worldwide. Its sequel, Grand Theft Auto VI, is not expected until late 2020 at the earliest. With the incredible success of GTA V, it remains to be seen whether the new release can match it. Nevertheless, there’s enough action kicking off in the meantime to keep investors happy.Take Two recently posted a strong F2Q20 report. Net revenue grew 74% to $857.8 million, EPS gained 186% to reach $0.63, and the company raised its operating outlook for fiscal year 2020.Deutsche’s Clay Griffin thinks the game designer is in good shape, noting, “While investors wait, GTA V/Online remains extremely healthy (and sets the stage for an earnings step function in GTA VI), the NBA2K franchise continues to move higher, and we have a high level of confidence in the long term net bookings contribution of Red Dead Online… While it may not have the predictability of its larger peers, pound-for-pound we see TTWO's portfolio of IP and creative excellence as differentiated. We think it is in the middle stages of a major content cycle that should crescendo into a Grand Theft Auto VI launch in F'22.”Griffin rates the stock as a Buy, with the price target of $145 implying over 20% upside. (To watch Griffin’s track record, click here)All in all, there is a fair amount of positivity surrounding TTWO right now. TipRanks deems the stock as Strong Buy, which is based on 13 "buy" and 4 "hold" ratings. The average price target is $135.81, which indicates an upside of about 11% from its current price of $121.78. (See Take Two’s stock analysis on TipRanks)Dropbox (DBX)Although Dropbox might have started as a simple consumer-based storage solution, it has gone through a transformation process over the years, and now describes itself as “the world’s first smart workplace."The company recently launched Dropbox Spaces, a set of tools which includes new features developed through its machine intelligence platform, DBXi. In addition, the company added several new collaboration features across Dropbox surfaces. Alongside the new features though, the company also increased the price of its Dropbox Plus service.The company’s recently posted 3Q19 report was the first to examine the impact of the price increase on average revenue per user (ARPU) and net adds/churn. The print left a solid impression on 5-star Deutsche Bank analyst Karl Keirstead, who noted, “Dropbox delivered solid/clean results, marked by a modest top-line beat (20% c/c growth relative to 19%-20% guide) made up of ARPU growth of 4% (5%-6% ex-FX) and net adds of 400k (compared with guidance of 300k, implying no material uptick in churn).” The analyst continued, "The debate may now turn to whether the 4Q19/1Q20 guide for net adds of just 200k is evidence of delayed churn or merely conservative guidance. We continue to believe that the outlook for high-teens/20% growth and margin expansion warrants 2020 multiples higher than the current levels of 4x revs and 24x FCF."As a result, Keirstead reiterated his Buy rating on DBX stock along with a $28 price target, suggesting room for almost 50% upside. (To watch Keirstead’s track record, click here)The Street is with Keirstead on this one, as Dropbox currently has a consensus of 7 Buys and 1 Hold, making it a Strong Buy. With an average stock-price forecast of $30.71, analysts are predicting a handsome upside potential of over 60% for the stock. (See Dropbox’s stock analysis on TipRanks)
(TTWO) will thrive due to its top-notch quality games, according to UBS. The company also raised its adjusted revenue guidance range for its 2020 fiscal year to between $2.75 billion and $2.85 billion from $2.6 billion to $2.7 billion. UBS analyst Eric Sheridan on Wednesday initiated coverage on Take-Two with a Buy rating, predicting strong sales growth over the next few years.
"Grand Theft Auto" publisher Take-Two Interactive Software (NASDAQ: TTWO ) has a "grand" content track record making the company set to take advantage of tailwinds in the gaming industry ...
Video game stock performance in the two months heading into the holidays has given investors about an even shot at gains and losses over the last decade, historical price data show. Unless you include ...
Activision Blizzard, Inc. (NASDAQ: ATVI) and Take-Two Interactive Software (NASDAQ: TTWO) not only had strong September quarters, but look good heading into next year sell-side analysts said, suggesting company guidance on the near-future may be too conservative. Morgan Stanley's Brian Nowak kept an Overweight rating and $60 price target on Activision Blizzard. UBS analyst Eric Sheridan maintained a Buy rating and $56 price target on Activision Blizzard.
Jim Cramer is out this morning, so Jeff Marks, senior portfolio analyst with Cramer's Action Alerts PLUS charitable trust, is stepping in. The video game maker indicated softer current-quarter revenue guidance that overshadowed stronger-than-expected earnings for the three months ending in September, reported TheStreet's Tony Owusu.
Video game publisher Take-Two Interactive Software late Thursday smashed Wall Street's targets for the September quarter results but offered weak guidance for the current holiday quarter.
Take-Two (TTWO) delivered earnings and revenue surprises of 13.17% and 3.43%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Take-Two Interactive Software Inc. shares fell in the extended session Thursday after reporting a 74% gain in revenue. The videogame company reported fiscal second-quarter net income of $71.8 million, or 63 cents a share, compared with $25.4 million, or 22 cents a share, in the year-ago period. Revenue rose to $857.8 million from $492.7 million in the year-ago period. Net bookings grew 63% to $950.5 million. Bookings is a common figure used by videogame companies that takes into account physical and digital sales of games. Analysts surveyed by FactSet had estimated earnings of $1.34 a share on bookings of $926.9 million. For the fourth quarter, Take-Two said it expects fiscal third-quarter earnings of $1.39 to $1.49 a share on bookings of $860 million to $910 million. Analysts expect fiscal third-quarter bookings of $933 million. Take-Two stock has gained 13.6% this year, as the S&P 500 index rose 23%.
Late Thursday, Take-Two reported adjusted revenue (or “net bookings”) of $950.5 million for the fiscal second quarter, versus the Wall Street consensus estimate of $927 million, according to FactSet. “We delivered strong Net Bookings, cash flow and earnings growth, fueled by the performance of NBA 2K, Borderlands 3, Grand Theft Auto Online and Grand Theft Auto V, and Red Dead Redemption 2 and Red Dead Online,” Take-Two Chief Executive Strauss Zelnick said in a news release. For its December quarter, Take-Two gave an adjusted revenue guidance range of $860 million to $910 million versus the $933 million average analyst estimate.
Take-Two Interactive Software, Inc. shares fell in after-hours trading Thursday, after the video-game maker offered revenue guidance for the holiday season below analyst estimates. Take-Two projected sales of $860 million to $910 million for its fiscal third quarter.
Take-Two Interactive (NASDAQ: TTWO ) announces its next round of earnings this Thursday, November 7. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue ...
Take-Two Interactive (ticker: TTWO) is usually a Wall Street favorite, thanks to popular titles like Grand Theft Auto and Red Dead Redemption. One reason is the initial sales results for Take-Two’s last game, Borderlands 3.
Earnings season is nearing the finish line, but that doesn’t mean the excitement is over. On top of the better-than-expected numbers, the latest market rally, which saw the S&P 500 close just shy of an all-time high on Tuesday, has investors on the edge of their seats awaiting the remaining results.With this in mind, investors are looking for the best way to get the lowdown on the companies that have yet to report. To do this, we recommend using TipRanks’ Stock Screener.The tool helped us get the full scoop on 3 stocks that look especially promising ahead of their November 7 earnings releases. Going into the releases, each of the stocks has earned the Street’s approval with “Strong Buy” consensus ratings, which are based on all of the calls published in the last three months.Walt Disney (DIS) After posting lackluster fiscal Q3 results, Wall Street’s focus has zeroed in on Disney. That being said, many analysts like the stock’s setup as the house of mouse’s earnings release inches closer.The company has given the Street reason to believe that key upcoming catalysts outweigh any concerns regarding its legacy Fox businesses that hampered DIS in Q3. Three of its films, namely The Lion King, Aladdin and Toy Story 4, all generated more than $1 billion at the box office driving a 60% year-over-year increase in box office gross. Not to mention two more movies are slated for a December release.Disney’s new Star Wars attractions in both California and Orlando are also set to contribute to a solid quarterly performance based on current attendance levels. It should be noted that the media networks segment is a must-watch area as well. The company’s ability to close new carriage agreements with various networks could be a step in the right direction in terms of affiliate pricing.J.P. Morgan analyst Alexia Quadrani deems DIS as a “standout among its media peers” thanks to its “scale, strategy and brand to succeed in this rapidly changing media consumption environment”. As a result, the four-star analyst reiterated her Buy rating and $150 price target. (To watch Quadrani’s track record, click here)Evercore ISI analyst Vijay Jayant added, "We like the setup for the stock here and think improved visibility into pro forma financials, combined with the aforementioned catalysts, suggest compelling reward / risk trade-off. We think Disney’s legacy businesses are worth ~$100/share assuming a blended 14.5x P/E multiple, and separately see ~$55 in value for the streaming platforms (8.5x EV/2025E sales discounted back to present)."Like Quadrani and Jayant, Wall Street takes a bullish approach when it comes to DIS. 12 Buy recommendations and 3 Holds received in the last three months add up to a ‘Strong Buy’ analyst consensus. At a $152.50 average price target, shares could surge 16% over the next twelve months. (See Disney stock analysis on TipRanks)Take-Two Interactive (TTWO)Take-Two is one of the top video game developers in the U.S. and owns two major publishing labels including Rockstar Games and 2K. With one analyst expecting further upside despite already trading at the high-end of its historical range, it’s no wonder investors have been captivated by TTWO.Barclays’ Deepak Mathivanan cites TTWO’s high-quality games as cementing its status as “best positioned for the cloud gaming future”. He adds that significant roster changes during the NBA offseason bodes well for its NBA 2K19 game as it’s expected to cause higher repeat purchase rates.“This should drive an increase in repeat purchaser rate from 70% historically to closer to 80% this year, delivering an incremental $80mn/$0.52 in revenue/EPS or a 11% lift vs. our NTM (2Q20-1Q21) EPS estimates,” he explained.Ahead of the upcoming earnings release date, Mathivanan reminds investors that TTWO is especially appealing as there is still a large runway left for margin growth. “We see three drivers of margin expansion: 1) a strong pipeline of content including Borderlands 3 in FY20, additional content updates in Rockstar Online, and additional titles from Social Point; 2) a greater mix of revenue from high-margin recurrent consumer spend including mobile and full-game downloads; and 3) significant contribution from two, highly-profitable open worlds running simultaneously,” he stated.All of this played into the five-star analyst’s conclusion that TTWO remains a Buy. Adding to the good news, he sees 21% upside potential in store. (To watch Mathivanan’s track record, click here)Similarly, the rest of the Street likes what it’s seeing. 10 Buys vs 2 Holds assigned in the last three months give TTWO a ‘Strong Buy’ consensus rating. Additionally, its $138 average price target indicates 18% upside potential from the current share price. (See Take-Two stock analysis on TipRanks)Noble Energy (NBL)Going into Thursday’s earnings release, the oil and gas company appears right on track to meet its impressive growth targets.While NBL set the bar pretty high in terms of its U.S. onshore growth objectives, recent data suggests that the company will be able to meet this lofty goal. Oil production in the Delaware Basin has increased 13% sequentially and is up 35% in Eagle Ford from its second quarter. In addition, NBL successfully completed the Aseng development well in West Africa, which could bolster overall volumes.If that wasn’t enough, NBL announced that it had amended its agreement with Dolphinusin in Egypt to not only double the amount of firm contracted volumes but also provide a five-year extension in the supply agreement.“We expect a solid print from NBL with the company appearing on track to deliver against its lofty US onshore growth objectives, albeit with less fireworks than the 2Q19 print," J.P. Morgan analyst Arun Jayaram commented. "Partial quarter state data suggest that operated Delaware Basin oil production is up 13% sequentially, while Eagle Ford oil production is up 35% relative to 2Q19 levels. On the other hand, DJ Basin data looks incomplete, but we note the company was able to achieve its targeted DJ TILs for the quarter. Consistent with its peers, 3Q19 financials will be neutered by weak gas and NGL pricing, which we believe is largely anticipated by the buy-side. In West Africa, the company successfully completed a development well at Aseng, which is expected to be tied into the production facility in 4Q19 thereby providing a lift to volumes, although West Africa liftings are expected to be higher in 3Q vs. 4Q. Finally, it appears that the company will make its decision regarding the strategic alternatives process regarding NBLX during 4Q19."With all of this in mind, the analyst tells investors that he’s staying with the bulls when it comes to NBL. Jayaram also keeps his $30 price target, which conveys his confidence in NBL’s ability to climb 38% higher over the next twelve months. (To watch Jayaram’s track record, click here)As NBL boasts 100% Street Support, the message is clear: the energy name is a ‘Strong Buy’. It should also be noted that its $29.25 average stock-price forecast implies a potential twelve month gain of 40%. (See Noble Energy stock analysis on TipRanks)