Strong intellectual property leveraged by the company is keeping one pundit sweet on its prospects.The stock of Take-Two Interactive (TTWO 0.72%), the video game company behind the long-running Grand Theft Auto (GTA) series, is a steal at its current price. That's the belief of an analyst tracking the company, which was reiterated in a research note published in mid-April. He feels it has the potential to rise as much as 31% from its present level.High anticipation tempered by uncertaintyThis bull is Oppenh ...

Take-Two Interactive (NASDAQ:TTWO) is scaling back operations, starting with job cuts. The company behind the Grand Theft Auto franchise is battling a difficult economic landscape. As of this writing, TTWO stock is down almost 10% year-to-date (YTD).The incoming changes at Take-Two include multiple canceled projects and a 5% workforce reduction. This means that 579 workers will be impacted by the Take-Two layoffs. Still, while shares are down today on the news, investors should focus on the bigger picture. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: 'Grand Theft Auto' by Rockstar Games remains a bright spot for parent company Take-Two Interactive as it moves to improve profitability and growth. Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs. About 600 jobs are expe ...

Take-Two Interactive Software will lay off about 5% of its workforce, or around 600 employees, the publisher of the “Grand Theft Auto” franchise said Tuesday, as the video-gaming industry extends its more than two-year long job cuts.The company will also scrap several projects in development as part of a cost-reduction plan, which is expected to result in total charges of up to $200 million. It declined to name the projects that have been canceled.Take-Two said the move is expected to drive more than $165 m ...

All eyes are on next year's "Grand Theft Auto" proposed release.Share prices of Take-Two Interactive (TTWO 0.68%) are up 30% over the last year but have pulled back since the company's last earnings report was released in February. The video game producer offered weak guidance for next quarter, but Citigroup analysts still see a favorable upside for investors over the next year or so.Citi upgraded the shares to a buy rating with a price target of $200, representing a 12-month upside of more than 29% over th ...

Video game concern Take-Two Interactive Inc (NASDAQ:TTWO) is up 2.1% before the bell, after Citi upgraded the shares to "buy" from "neutral" and hiked its price target to $200 from $170. In its bull note, the analyst said the company's highly anticipated Grand Theft Auto VI bookings could bring in between $2.6 billion to $2.9 billion, and went on to praise Take-Two Interactive's mobile gaming portfolio. Short interest is up 31.7% over the last two weeks, and the 9.04 million shares sold short account for 5. ...

Two of the video game industry's busiest deal makers just struck a $460 million accord. Here's what Take-Two and Embracer investors need to know.The video game industry is always in motion. Popular game franchises and successful developer studios change hands all the time, and two of the most energetic movers and shakers in recent years just struck another deal.In a $460 million contract, industry giant Take-Two Interactive (TTWO 0.53%) is buying Gearbox Entertainment from Swedish game-studio manager Embrac ...

The release of "Grand Theft Auto VI" should push Take-Two into a powerful new growth phase.Take-Two Interactive's (TTWO 0.68%) stock price has seen some swings across 2024's trading as rumors and speculation have emerged about the timing of its next blockbuster video game release. Late last year, the company announced that Grand Theft Auto VI (GTA VI) would debut in 2025. Additionally, the company's financial guidance seemed to suggest that the game would debut in the first quarter of 2025.While some subseq ...