|Bid||134.27 x 1200|
|Ask||135.40 x 1100|
|Day's Range||132.52 - 135.75|
|52 Week Range||100.00 - 149.28|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||38.02|
|Earnings Date||Aug 03, 2020 - Aug 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||147.32|
Activision Blizzard is the best positioned videogame stock for the second half of 2020, according to Piper Sandler.
There has been significant divergence between individual stock prices and their expected earnings next year, presenting some buying and selling opportunities for investors
Electronic Arts produces the popular Madden NFL series of videogames. One analyst said the news is positive but necessary, given EA’s reliance on sports franchises to drive annual results.
Electronic Arts Inc renewed its licensing agreement with the National Football League (NFL) on Thursday, which will continue to give the videogame publisher exclusive rights to publish the league's simulation games, including hit franchise "Madden NFL". Under the multi-year agreement, EA will partner with NFL and the labor organization representing the NFL players to develop games in new genres, including arcade, and expand on platforms like mobile. The company did not disclose financial details and exact length of the agreement, which was first signed in late 2004, giving EA the right to use NFL teams and players in its simulation football videogames.
The Zacks Analyst Blog Highlights: BJ's Wholesale Club, Perdoceo Education, Take-Two Interactive Software, Duluth and Vista Outdoor
One growth stock that could double your money over the next five years is the low-code software provider Appian (NASDAQ: APPN). Two other promising stocks are leaders in the growing video game industry, Take-Two Interactive (NASDAQ: TTWO) and Glu Mobile (NASDAQ: GLUU). Investors should consider buying shares of Appian.
In the daily Japanese candlestick chart of TTWO, below, we can see that there were long upper shadows on the bars for this past Thursday and Friday. The On-Balance-Volume (OBV) line shows recent weakness after a climb higher from late March and the Moving Average Convergence Divergence (MACD) oscillator has narrowed to a take profits sell signal. In the weekly Japanese candlestick chart of TTWO, below, we can see a large bearish engulfing pattern.
Investors may want to excise caution as a light game-release schedule could lead to lower earnings in the coming years.
Corporate earnings for the current second quarter are likely some of the most unpredictable ones in recent history, thanks to the coronavirus-induced disruptions. But there are exceptions, and they might offer a good buying opportunity.
Federal aid, extra jobless benefits, contributions to salaries paid by small businesses, a low interest rate environment and gradual reopening of the economy lifted consumers' spirits.
Take-Two Interactive (NASDAQ: TTWO) has a new fan on Wall Street. The video game giant's shares were upgraded on Tuesday and assigned a $170 price target by Gerrick Johnson, an analyst at BMO Capital Markets. Johnson highlighted Take-Two's widening content portfolio, which includes sports franchises like the surging NBA 2K brand, as helping the company's growth.
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
BMO Capital Markets analyst Gerrick Johnson says Take-Two Interactive’s plan to keep a light schedule of new releases for fiscal 2021 is a shrewd move, giving its labels more time to fully exploit the technology in the new gaming systems.
Take-Two attracted some bullish analyst comments and last week it reported strong fourth quarter results. The shares are off Tuesday.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
Shares of Take-Two Interactive Software Inc. are up 1.2% in premarket trading Tuesday after BMO Capital Markets analyst Gerrick Johnson upgraded the stock to outperform from market perform, writing that the video-game maker could continue to benefit from stay-at-home trends as the industry has proven defensive in times of economic unease. "Take-Two's performance in 4Q illustrates the strength of its core franchises during this time of uncertainty and we are encouraged by the company's strategy to seize opportunities in new platforms, distribution models, and game genres, which should provide more stable, growing earnings and cash flow over time," Johnson wrote. He praised the company for embracing new revenue streams and being "one of the first large publishers" to offer its games on the Nintendo Switch, Alphabet Inc.'s Google Stadia, and Epic Games Store. "It is expanding its sports offering, providing an opportunity for more regular annualized releases," Johnson wrote. "And we see significant opportunities in mobile, where the company is underpenetrated." He raised his price target to $170 from $120 in conjunction with the upgrade. Take-Two shares have added 28% over the past three months as the S&P 500 has shed 5.2%.
Take-Two Interactive (NASDAQ: TTWO) recently announced sales growth that blew past management's outlook. The video game giant's NBA 2K20, Grand Theft Auto, and Borderland brands were just a few of the standouts that allowed net bookings to jump 49% in the fiscal 2020 fourth quarter compared to a 21% increase for rival Activision Blizzard.
As the game maker delivered a strong quarter, management dropped a bomb by disclosing a deep pipeline of 93 new releases planned for the next five years.