Take-Two (TTWO, $157.02) shares rating boosted at BMO
Take-Two Interactive shares climbed higher Wednesday, following a rating upgrade from analysts at BMO Capital Markets.
BMO analyst Gerrick Johnson boosted his rating on the video gaming company shares to 'outperform'. Johnson held his price target at $180 per share.
The analyst views the group's $12.7 billion acquisition of Zynga as a way to leverage its key video game properties, including Grand Theft Auto and NBA 2k, into the mobile sector.
The analysts noted that 5G network rollouts, cloud gaming and smartphone upgrades are likely to boost mobile gaming’s growth.
"The Covid pandemic has accelerated trends already in motion, including the transition to digital distribution offering higher margins and the opportunity for incremental add-on sales and multi-player online services," Johnson said. "We believe the social network aspect of video games has also come to the forefront for a lot of players." According to Johnson, Take-Two should view positively the opportunity to expand scale in the rapidly growing mobile games business. The analyst sees strong potential synergy opportunities, and also thinks that Take-Two is an attractive opportunity in terms of valuation.
Aroon Indicator for TTWO shows an upward move is likely
TTWO's Aroon Indicator triggered a bullish signal on May 04, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 242 similar instances where the Aroon Indicator showed a similar pattern. In of the 242 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 10, 2023. You may want to consider a long position or call options on TTWO as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TTWO just turned positive on May 18, 2023. Looking at past instances where TTWO's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TTWO advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TTWO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TTWO broke above its upper Bollinger Band on May 18, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. TTWO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TTWO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.589) is normal, around the industry mean (31.306). P/E Ratio (61.728) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (1.041) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (4.132) is also within normal values, averaging (70.523).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a developer of interactive entertainment software
Industry PackagedSoftware
TTWO and
Correlation & Price change
A.I.dvisor indicates that over the last year, TTWO has been loosely correlated with EA. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if TTWO jumps, then EA could also see price increases.
| Ticker / NAME | Correlation To TTWO | 1D Price Change % | ||
|---|---|---|---|---|
| TTWO | 100% | -0.50% | ||
| EA - TTWO | 61% Loosely correlated | -0.10% | ||
| PLTK - TTWO | 55% Loosely correlated | -1.78% | ||
| FLYW - TTWO | 51% Loosely correlated | +0.10% | ||
| RCM - TTWO | 51% Loosely correlated | +1.68% | ||
| COIN - TTWO | 50% Loosely correlated | +7.47% | ||
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