TTWO Stock (TTWO):Bullish New Coverage As GTA 6 Expected To Dwarf Previous Launch
Take-Two Interactive’s stock (NASDAQ: TTWO) has been given a vote of confidence by those at Wells Fargo today, with an initiation of coverage showing the firm to be very bullish on TTWO.
While recent performance has been solid, with gains of 22.7% for the stock since the start of the year, a new bullish outlook from Wells Fargo, coupled with historical precedent, suggests the potential for further upside, but not without risks.
Wells Fargo initiated coverage on TTWO with an Overweight rating and a $265 price target. This positive assessment hinges largely on the projected success of GTA 6.
The firm anticipates the game will sell a staggering 50 million units in its first year, generating substantial revenue at an $80 price point….
