Take-Two (TTWO) Received its Third Buy in a Row

After Piper Jaffray and SunTrust Robinson gave Take-Two (NASDAQ: TTWO) a Buy rating last month, the company received another Buy, this time from Morgan Stanley. Analyst Brian Nowak maintained a Buy rating on Take-Two today and set a price target of $145.00. The company’s shares closed last Monday at $121.16.

According to TipRanks.com, Nowak is a 5-star analyst with an average return of 8.0% and a 63.5% success rate. Nowak covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies Inc, and Activision Blizzard.

Currently, the analyst consensus on Take-Two is a Strong Buy with an average price target of $137.58, a 12.4% upside from current levels. In a report issued on October 4, Stephens also reiterated a Buy rating on the stock with a $145.00 price target.

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Based on Take-Two’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $46.28 million. In comparison, last year the company had a net profit of $25.37 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTWO in relation to earlier this year.

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Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services.