Take-Two Interactive Stock (NASDAQ: TTWO)

Dernières nouvelles pour Take-Two Interactive (NASDAQ:TTWO) Stock

Take-Two Interactive

Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by Grand Theft Auto and contains other well-known titles such as NBA 2K, Civilization, Borderlands, Bioshock, and Xcom. Zynga mobile titles include Farmville, Empires & Puzzles, and CSR Racing.

Take-Two Interactive Software, Inc. - Common Stock

Take-Two Interactive Software Inc

Take-Two Interactive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NYSE">TTWO</a>) short percent of float has risen 4.49% since its last report. The company recently reported that it has 7.24 million shares sold short, which is 4.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.71 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Take-Two Interactive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732555821_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Take-Two Interactive has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Take-Two Interactive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Take-Two Interactive's peer group average for short interest as a percentage of float is 2.94%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

TTWO

How Is The Market Feeling About Take-Two Interactive?

Grand Theft Auto fans had high hopes for today, Nov. 22, anticipating an announcement for GTA 6's Trailer 2 <a href="https://www.benzinga.com/general/gaming/24/11/41884190/did-rockstar-drop-gta-6-trailer-hint-fans-spot-moon-clue-pointing-to-nov-22">based on a quirky "moon theory."</a>
Instead, they have been met with silence so far (as of publication), leaving the community frustrated and speculating about Rockstar's next move.
<h1 class="wp-block-heading">What Is GTA 6&#8217;s Moon Theory?</h1>
The moon theory traces back to 2023 when Rockstar released an image in GTA Online featuring the moon in a Waning Gibbous phase. That phase coincided with the announcement date for the first GTA 6 trailer two months later.
See Also: <a href="https://www.benzinga.com/general/gaming/24/11/42141838/elden-ring-creator-hidetaka-miyazaki-teases-various-new-projects-in-development">Elden Ring Creator Hidetaka Miyazaki Teases &#8216;Various New Projects&#8217; In Development</a>
When Rockstar released another image earlier this month showing the same moon phase, fans believed history would repeat itself. 
November 22 marked the final day of the current Waning Gibbous phase and fans were convinced Rockstar would either release the trailer or announce its release date.
But today, fans were met with no updates from Rockstar or <a href="https://www.benzinga.com/news/earnings/24/11/41818430/take-two-earnings-show-gta-6-on-track-for-2025-ceo-vows-no-huge-release-overlap">its parent company, Take-Two Interactive Software Inc </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), which typically makes announcements around 9 am ET.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
<div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" style="height:500px" ><a href="https://www.reddit.com/r/GTA6/comments/1gx7zps/the_community_for_the_past_2_weeks/">The community for the past 2 weeks:</a> by<a href="https://www.reddit.com/user/DaVoiceOfTruth/">u/DaVoiceOfTruth</a> in<a href="https://www.reddit.com/r/GTA6/">GTA6</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
<h1 class="wp-block-heading">A Long Wait For New Info</h1>
It's been nearly a year since Rockstar unveiled the first GTA 6 trailer, confirming a Vice City setting and breaking the internet in the process. Since then, fans have been left in the dark, with no follow-up announcements or new details.
Take-Two has maintained a Fall 2025 <a href="https://www.benzinga.com/general/gaming/24/09/40905542/could-gta-6-be-pushed-to-2026-insights-from-former-rockstar-insider">release window for the game</a>, but Rockstar's silence is testing the patience of even its most loyal fans. 
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
<div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" style="height:500px" ><a href="https://www.reddit.com/r/GTA6/comments/1gx7j9a/you_are_here/">You are here.</a> by<a href="https://www.reddit.com/user/the123king-reddit/">u/the123king-reddit</a> in<a href="https://www.reddit.com/r/GTA6/">GTA6</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/42046762/the-game-awards-2024-nominees-are-here-dlc-and-remakes-make-the-list">The Game Awards 2024 Nominees Are Here: DLC And Remakes Make The List</a></li>
</ul>
Photo: Shutterstock.

Gaming

News

General

GTA 6 Trailer 2 Fans Frustrated As Rockstar Possibly Breaks Moon Theory

TD Cowen analyst Doug Creutz maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and raises the price target from $176 to $211.

Price Target

Analyst Ratings

TD Cowen Maintains Buy on Take-Two Interactive, Raises Price Target to $211

High-rolling investors have positioned themselves bullish on Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TTWO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Take-Two Interactive. This is not a typical pattern.
The sentiment among these major traders is split, with 41% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $33,280, and 11 calls, totaling $552,110.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $165.0 and $200.0 for Take-Two Interactive, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Take-Two Interactive's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Take-Two Interactive's whale trades within a strike price range from $165.0 to $200.0 in the last 30 days. 
<h3>Take-Two Interactive Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732128607_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$36.45</td>
<td>$33.0</td>
<td>$35.0</td>
<td>$200.00</td>
<td>$104.9K</td>
<td>67</td>
<td align="right">30</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.15</td>
<td>$20.35</td>
<td>$21.15</td>
<td>$165.00</td>
<td>$82.4K</td>
<td>9.2K</td>
<td align="right">59</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$13.15</td>
<td>$12.95</td>
<td>$12.95</td>
<td>$185.00</td>
<td>$54.3K</td>
<td>1.8K</td>
<td align="right">303</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.1</td>
<td>$21.05</td>
<td>$21.1</td>
<td>$165.00</td>
<td>$52.7K</td>
<td>9.2K</td>
<td align="right">84</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$13.1</td>
<td>$12.95</td>
<td>$12.95</td>
<td>$185.00</td>
<td>$51.8K</td>
<td>1.8K</td>
<td align="right">451</td>
</tr>
</tbody>
</table>

<h3>About Take-Two Interactive</h3>
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by Grand Theft Auto and contains other well-known titles such as NBA 2K, Civilization, Borderlands, Bioshock, and Xcom. Zynga mobile titles include Farmville, Empires &amp; Puzzles, and CSR Racing.
In light of the recent options history for Take-Two Interactive, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Take-Two Interactive Standing Right Now?</h3>
<ul>
<li>With a trading volume of 578,810, the price of TTWO is down by -0.77%, reaching $184.58.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 78 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Take-Two Interactive</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $193.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Roth MKM has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $208. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Take-Two Interactive with a target price of $175. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Take-Two Interactive, maintaining a target price of $195. 
&#x2A; An analyst from Morgan Stanley persists with their Overweight rating on Take-Two Interactive, maintaining a target price of $200. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Take-Two Interactive, targeting a price of $190. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Take-Two Interactive options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Looking At Take-Two Interactive's Recent Unusual Options Activity

Roth MKM analyst Eric Handler maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and raises the price target from $182 to $208.

Roth MKM Maintains Buy on Take-Two Interactive, Raises Price Target to $208

Billionaire investor Chase Coleman's hedge fund, Tiger Global Management, filed its latest <a href="https://www.sec.gov/Archives/edgar/data/1167483/000091957424006690/xslForm13F_X02/infotable.xml">Form 13F</a> on Thursday and disclosed its trading activity from the prior quarter. Here's a look at Tiger Global's <a href="https://www.benzinga.com/opinion/24/08/40422936/steal-these-two-stock-ideas-from-the-best-investors-in-the-world">portfolio changes.&nbsp;</a>
The Details: Tiger Global has $23.439 billion in assets under management and made no changes to its top five holdings:&nbsp;
<ul>
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) </li>
<li>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) </li>
<li>Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) </li>
<li>Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) </li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) </li>
</ul>
Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a>
New Positions: Tiger Global opened three new positions including a $801.3 million stake in Flutter Entertainment Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>), the parent company of FanDuel. The fund also opened a $201.4 million position in Sherwin-Williams Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) and a $48.9 million position in South Korean e-commerce platform Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>). 
Notable Trades: Tiger Global added 564,090 shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to its portfolio, bringing its total number of shares owned to 3,634,980. The fund also increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) by 195,714 shares, bringing its current holdings to 5,839,256 shares valued at $897.5 million. 
Closed Positions: The hedge fund closed out its positions in Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) and DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
</ul>
Image created using artificial intelligence via MidJourney.

Hedge Funds

Movers

ALAB

CPNG

DXCM

FLUT

GOOGL

MSFT

Tiger Global Hedge Fund Buys Flutter Entertainment Stock, Sells DexCom

AMZN

AVGO

CPAY

Tiger Global 13F Shows Increased Stake In UnitedHealth Group From 2,347,600 To 2,365,400 Shares; Amazon From 6,321,080 To 6,415,488 Shares; Take-Two Interactive Software From 5,643,542 To 5,839,256 Shares; Eli Lilly & Co From 930,000 To 969,800 Shares; Taiwan Semiconductor Manufacturing From 3,070,890 To 3,634,980 Shares; Corpay From 1,046,600 To 1,247,577 Shares; Broadcom From 182,300 To 1,845,500 Shares

Sony Group Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) November 2024 PlayStation Plus Game Catalog lineup offers a mix of popular titles and classic <a href="https://www.benzinga.com/general/gaming">games for subscribers. </a>
Take-Two Interactive Software Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) Grand Theft Auto V leads this month's selection, marking the game's return to the service. Alongside it, Dying Light 2: Stay Human and Like a Dragon: Ishin will also be available from Nov. 19, PlayStation <a href="https://blog.playstation.com/2024/11/13/playstation-plus-game-catalog-for-november-grand-theft-auto-v-dying-light-2-stay-human-like-a-dragon-ishin-and-more/">announced </a>in a blog post.
See Also: <a href="https://www.benzinga.com/general/gaming/24/11/41884190/did-rockstar-drop-gta-6-trailer-hint-fans-spot-moon-clue-pointing-to-nov-22">Did Rockstar Drop GTA 6 Trailer Hint? Fans Spot Moon Clue Pointing To Nov. 22</a>
Premium members gain access to PS VR2's Synapse and four Classic titles, including Blood Omen: Legacy of Kain, Blood Omen 2, Resistance: Fall of Man, and Resistance 2, the latter two available only via streaming. With Soul Reaver 1 &amp; 2 Remastered arriving next month, the addition of these titles may appeal to fans of older franchises and offer a touch of nostalgia for longtime PlayStation players.
Here's a full rundown of the PlayStation Plus Game Catalog for November 2024:
<h3 class="wp-block-heading">PlayStation Plus Extra and Premium &#x7C; Game Catalog</h3>
<ul>
<li>Grand Theft Auto V &#x7C; PS4, PS5</li>
<li>Dying Light 2: Stay Human &#x7C; PS4, PS5</li>
<li>Like a Dragon: Ishin &#x7C; PS4, PS5</li>
<li>MotoGP 24 &#x7C; PS4, PS5</li>
<li>The Sims 4 Island Living (add-on only) &#x7C; PS4</li>
<li>Digimon Survive &#x7C; PS4</li>
<li>Overcooked! All You Can Eat &#x7C; PS4, PS5</li>
<li>Stick Fight: The Game &#x7C; PS4</li>
<li>Clash: Artifacts of Chaos &#x7C; PS4, PS5</li>
<li>Killer Frequency &#x7C; PS4, PS5</li>
<li>Hungry Shark World &#x7C; PS4</li>
<li>Chivalry 2 &#x7C; PS4, PS5</li>
</ul>
<h3 class="wp-block-heading">PlayStation Plus Premium</h3>
<ul>
<li>Synapse &#x7C; PS VR2</li>
<li>Blood Omen: Legacy of Kain &#x7C; PS4, PS5</li>
<li>Blood Omen 2 &#x7C; PS4, PS5</li>
<li>Resistance: Fall of Man (streaming only)</li>
<li>Resistance 2 (streaming only)</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/41948549/xbox-handheld-a-few-years-out-says-microsoft-gaming-ceo-hints-at-cross-platform-games-new-acquisitions">Xbox Handheld &#8216;A Few Years Out,&#8217; Says Microsoft Gaming CEO; Hints At Cross-Platform Games, New Acquisitions</a></li>
</ul>
Image courtesy: PlayStation.

SONY

GTA 5 Joins November's PlayStation Plus Lineup With Other Fan-Favorites

The Grand Theft Auto (GTA) community has again spotted what it believes to be a clue from Rockstar Games about the highly anticipated <a href="https://www.benzinga.com/topic/gta-6">GTA 6. </a>
This time, fans are speculating that a new GTA 6 trailer might arrive soon, based on the appearance of a waning gibbous moon in recent GTA Online promotional material, Eurogamer <a href="https://www.eurogamer.net/gta-6-fans-think-rockstars-hidden-yet-another-clue-in-the-moon">reported.</a>
See Also: <a href="https://www.benzinga.com/news/earnings/24/11/41818430/take-two-earnings-show-gta-6-on-track-for-2025-ceo-vows-no-huge-release-overlap">Take-Two Earnings Show GTA 6 On Track For 2025, CEO Vows No &#8216;Huge Release&#8217; Overlap</a>
In the promo image, a character stands beside a car, looking toward the Darnell Bros Garment Factory. However, it's the moon that has grabbed fans' attention. 
Displayed as a waning gibbous, this moon phase matches what will be visible in the real world on Nov. 22, a Friday. Fans see this as a potential hint from Rockstar, leading some to believe that Nov. 22 could be the date of the next trailer release.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GTA Online Community Update First details on an exciting new GTA Online update coming in December — featuring clandestine operations launched from the Darnell Bros. Garment Factory. Plus new community challenges, experience improvements, and more: <a href="https://t.co/i1vnYzVtK6">https://t.co/i1vnYzVtK6</a> <a href="https://t.co/QRn4Bn71Wb">pic.twitter.com/QRn4Bn71Wb</a>
&mdash; Rockstar Games (@RockstarGames) <a href="https://twitter.com/RockstarGames/status/1852350119250628835?ref_src=twsrc%5Etfw">November 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">Fans Spotting Patterns: GTA's History Of Clues And Trailer Theories</h3>
This isn't the first time GTA players have looked to the moon for possible updates. Last year, Rockstar's Moon Festival event in GTA Online spurred similar speculation, eventually coinciding with Rockstar's announcement of a trailer for the next GTA installment. 
While this moon-based theory could seem far-fetched, the GTA community has a history of interpreting clues from Rockstar's marketing materials, often with surprising accuracy.
<h3 class="wp-block-heading">Take-Two's Confidence And Xbox Compatibility</h3>
Amidst the growing excitement, publisher Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has maintained its projection for a GTA 6 release next fall. In a statement to investors, Take-Two CEO Strauss Zelnick said he's "highly confident" in the timeline, reassuring fans who are eager for updates.
Meanwhile, Zelnick also addressed concerns about GTA 6's performance on the less powerful Xbox Series S console. Dismissing any potential compatibility issues, Zelnick affirmed that the development team is prepared to ensure GTA 6 runs smoothly on both Series X and Series S platforms.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/10/41152217/grand-theft-auto-6-leak-sparks-fan-frenzy-on-x-but-elon-musk-wont-be-joining-the-hype">Grand Theft Auto 6 Leak Sparks Fan Frenzy On X, But Elon Musk Won&#8217;t Be Joining The Hype</a></li>
</ul>
Image credits: Shutterstock.

Topics

Did Rockstar Drop GTA 6 Trailer Hint? Fans Spot Moon Clue Pointing To Nov. 22

TD Cowen maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and raises the price target from $173 to $176.

TD Cowen Maintains Buy on Take-Two Interactive, Raises Price Target to $176

Oppenheimer analyst Martin Yang maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Outperform and raises the price target from $185 to $190.

Oppenheimer Maintains Outperform on Take-Two Interactive, Raises Price Target to $190

Morgan Stanley analyst Brian Nowak maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Overweight and raises the price target from $185 to $200.

Morgan Stanley Maintains Overweight on Take-Two Interactive, Raises Price Target to $200

After Wednesday&#8217;s &#8220;everything rally&#8221; spurred by the election results, investors took a less euphoric approach on Thursday ahead of the Federal Open Market Committee (FOMC) meeting.
The Fed is widely expected to cut interest rates by 25 basis points, bringing them to a range of 4.5%-4.75%, following a previous 50-basis-point cut in September.
Yet, all eyes are on Fed Chair Jerome Powell&#8217;s comments at 2:30 p.m. ET regarding the potential for future rate hikes and his views on inflation risks. Concerns from the market center on the possibility of a policy U-turn driven by higher fiscal deficits and price pressures from trade tariffs under a Trump administration.
Tech stocks led gains, with the Nasdaq 100 extending its record-breaking levels, surpassing 21,000 points and eyeing a third consecutive positive session. The S&amp;P 500 and Dow Jones posted more modest gains, while the Russell 2000 paused after Wednesday&#8217;s 5.8% leap.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remained a top performer among mega-cap stocks, bolstered by expectations of Elon Musk&#8216;s influence in the upcoming administration.
Treasury yields reversed a substantial portion of Wednesday's post-election increase, while the U.S. dollar dipped by 0.7%.
Metal commodities rebounded after Wednesday&#8217;s sharp losses, with gold rising 1.3%, silver up 2% and copper rallying over 4%.
Oil prices strengthened by 1%, with West Texas Intermediate trading around $72 per barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 0.8%, reaching $76,000 to extend its record highs, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) outperformed with a gain of over 4%.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,050.78</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,968.27</td>
<td>0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,748.20</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,389.10</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.7% to $594.84.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;stalled at $437.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 1.3% to $512.38.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.3% to $236.67.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 1.3%. The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) lagged, down 1.2%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Some relevant reactions to earnings reports are:
<ul>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), up 0.1%, </li>
<li>Gilead Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), up 6.2%, </li>
<li>MercadoLibre Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), down 16%, </li>
<li>APPLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), up 43%, </li>
<li>McKesson Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>), up 11%, </li>
<li>Take-Two Interactive Software Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), up 6.3%, </li>
<li>Transdigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>), down 4.4%</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41814589/why-trumps-boost-to-treasury-yields-inflation-expectations-may-weaken-feds-efforts-">Why Trump&#8217;s Boost To Treasury Yields, Inflation Expectations May Weaken Fed&#8217;s Efforts To Cut Interest Rates</a></li>
</ul>
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Nasdaq 100 Extends Record Levels Ahead Of Fed Meeting, Tesla Hits 26-Month Highs, Small Caps Stall: What's Driving Markets Thursday?

BMO Capital analyst Brian Pitz maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Outperform and raises the price target from $185 to $190.

BMO Capital Maintains Outperform on Take-Two Interactive, Raises Price Target to $190

Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) reported another strong quarter, buoyed by record-breaking numbers for its flagship titles and growth in its <a href="https://www.benzinga.com/general/gaming">subscription services. </a>
The company's net bookings <a href="https://ir.take2games.com/static-files/e938f73a-cfd7-46ac-b308-3f5b55acaeb7">hit</a> $1.47 billion, slightly up from last year, while its net revenue rose to $1.35 billion, up 4%.
See Also: <a href="https://www.benzinga.com/general/gaming/24/05/39116401/is-a-pc-release-for-gta-6-on-the-horizon-zelnick-hints-at-announcements-in-due-time">Is A PC Release For GTA 6 On The Horizon? Zelnick Hints At &#8216;Announcements In Due Time&#8217;</a>
In this latest quarter, Grand Theft Auto V and Grand Theft Auto Online kept their top spots, with GTA V selling 205 million copies to date. GTA+, Take-Two's subscription service, saw a 35% jump in membership, thanks partly to the addition of the classic game Bully.
Other big contributors included NBA 2K25, Toon Blast, Red Dead Redemption 2, and Words With Friends. Together, these titles helped drive a 6% increase in revenue from recurrent consumer spending, which now accounts for 81% of the company's total bookings.
Take-Two is confident in<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40292922/take-twos-pipeline-of-new-games-and-gta-vi-drive-optimism-analysts-say"> its future projections</a>, forecasting $5.55 to $5.65 billion in net bookings for 2025 and projecting "record levels" in the following years.
<h3 class="wp-block-heading">What&#8217;s Next for Take-Two? Major Releases Like GTA 6</h3>
Take-Two has big plans for fiscal year 2026, confirming that Rockstar's highly anticipated Grand Theft Auto 6 is still set for release in fall 2025, <a href="https://www.benzinga.com/general/gaming/24/09/40905542/could-gta-6-be-pushed-to-2026-insights-from-former-rockstar-insider">despite rumors of delays. </a>Borderlands 4 and Mafia: The Old Country are also on the slate for next fiscal year, which runs through March 2026.
CEO Strauss Zelnick noted that these launches aren't expected to overlap. "I think it's safe to say that we wouldn't, and no one would, stack up huge releases unnecessarily,&#8221; he<a href="https://variety.com/2024/digital/news/take-two-interactive-sells-tales-of-the-shire-developer-private-division-strauss-zelnick-on-trump-election-1236202964/"> told </a>Variety.
Aside from GTA 6 and Borderlands 4, other projects in development include Sid Meier&#8217;s Civilization 7, WWE 2K25, and Judas, promising a packed release lineup.
<h3 class="wp-block-heading">Take-Two's Financial Shift: Focusing On Big Projects</h3>
Take-Two announced it&#8217;s <a href="https://www.benzinga.com/general/gaming/24/06/39145469/private-division-faces-closure-take-two-to-sell-or-shutter-studios-report">selling off Private Division</a>, its indie publishing arm, opting to focus on larger, established franchises. 
&#8220;We recently made the strategic decision to sell [the] label to focus our resources on growing our core and mobile businesses for the long-term,&#8221; Zelnick explained in prepared remarks, noting that the buyer has acquired the rights to nearly all of Private Division&#8217;s live and unreleased titles. Despite this, Take-Two will still support the game No Rest for the Wicked.
&#8220;The team of Private Division did a great job supporting independent developers and, almost to a one, every project they supported did well.&#8221; He added, however, that Private Division's projects were &#8220;on the smaller side,&#8221; contrasting with Take-Two's focus on &#8220;great big hits.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/06/39555552/rockstar-games-co-founder-reveals-why-gta-movie-never-made-sense">Rockstar Games Co-Founder Reveals Why GTA Movie &#8216;Never Made Sense&#8217;</a></li>
</ul>
Image credits: Shutterstock.

Earnings

Take-Two Earnings Show GTA 6 On Track For 2025, CEO Vows No 'Huge Release' Overlap

Baird analyst Colin Sebastian maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Outperform and raises the price target from $172 to $181.

Baird Maintains Outperform on Take-Two Interactive, Raises Price Target to $181

Investors with a lot of money to spend have taken a bearish stance on Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TTWO, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Take-Two Interactive.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,708, and 7, calls, for a total amount of $245,755.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $200.0 for Take-Two Interactive, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Take-Two Interactive's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Take-Two Interactive's whale activity within a strike price range from $160.0 to $200.0 in the last 30 days. 
<h3>Take-Two Interactive 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731002478_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$5.55</td>
<td>$5.2</td>
<td>$5.35</td>
<td>$190.00</td>
<td>$52.9K</td>
<td>601</td>
<td>222</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.35</td>
<td>$7.1</td>
<td>$7.1</td>
<td>$175.00</td>
<td>$41.1K</td>
<td>947</td>
<td>103</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.65</td>
<td>$4.95</td>
<td>$5.15</td>
<td>$175.00</td>
<td>$33.4K</td>
<td>7.4K</td>
<td>755</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$5.25</td>
<td>$4.8</td>
<td>$5.05</td>
<td>$175.00</td>
<td>$33.3K</td>
<td>7.4K</td>
<td>633</td>
</tr>
<tr>
<td>TTWO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.06</td>
<td>$1.88</td>
<td>$2.06</td>
<td>$160.00</td>
<td>$30.7K</td>
<td>375</td>
<td>3.5K</td>
</tr>
</tbody>
</table>

<h3>About Take-Two Interactive</h3>
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by Grand Theft Auto and contains other well-known titles such as NBA 2K, Civilization, Borderlands, Bioshock, and Xcom. Zynga mobile titles include Farmville, Empires &amp; Puzzles, and CSR Racing.
<h3>Present Market Standing of Take-Two Interactive</h3>
<ul>
<li>With a volume of 1,690,270, the price of TTWO is up 6.12% at $176.81. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
<h3>What Analysts Are Saying About Take-Two Interactive</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $189.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Take-Two Interactive, which currently sits at a price target of $175. 
&#x2A; Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Take-Two Interactive, targeting a price of $182. 
&#x2A; An analyst from Goldman Sachs has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $205. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Take-Two Interactive, targeting a price of $195. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Take-Two Interactive with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In TTWO Options

Goldman Sachs analyst Eric Sheridan maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and raises the price target from $186 to $205.

Goldman Sachs Maintains Buy on Take-Two Interactive, Raises Price Target to $205

UBS analyst Eric Sheridan maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Neutral and raises the price target from $156 to $175.

UBS Maintains Neutral on Take-Two Interactive, Raises Price Target to $175

Roth MKM analyst Eric Handler maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and raises the price target from $180 to $182.

Roth MKM Maintains Buy on Take-Two Interactive, Raises Price Target to $182

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: Among this week's most notable new ...

Game On: Analyst raise price targets on Take-Two after Q2 results

In a regulatory filing, Take-Two (TTWO) disclosed that its CFO Lainie Goldstein sold 50.1K shares of common stock on November 8th in a total transa...

Take-Two CFO sells $8.76M in common stock

Tiger Global's top Q3 trades include DexCom exit, new stake in Sherwin-Williams

Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of September 30, 2024. Tiger's three new buys during the third quarter incl...

Tiger Global take new stake in Flutter, cuts stake in Uber

Citi analyst Jason Bazinet maintained a Buy rating on Take-Two (TTWO – Research Report) today and set a price target of $200.00. The company's shar...

Take-Two (TTWO) Receives a Buy from Citi

Roth MKM raised the firm's price target on Take-Two (TTWO) to $208 from $182 and keeps a Buy rating on the shares. The firm's recent meeting with T...

Take-Two price target raised to $208 from $182 at Roth MKM

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: Among this week's notable releases ...

Game On: Sony reportedly in talks to acquire Kadokawa

Microsoft (MSFT) said that, starting Wednesday, it is allowing Game Pass Ultimate members to stream select games they own through TVs and browser o...

Microsoft says Game Pass users can stream select games they own on cloud

Analyst Doug Creutz of TD Cowen reiterated a Buy rating on Take-Two (TTWO – Research Report), boosting the price target to $211.00. Doug Creutz's r...

Strong Buy Recommendation for Take-Two Interactive Fueled by Anticipated GTA VI Release and Mobile Growth Potential

TD Cowen raised the firm's price target on Take-Two (TTWO) to $211 from $176 and keeps a Buy rating on the shares. The firm said expected catalysts...

Take-Two price target raised to $211 from $176 at TD Cowen

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Uncover the Origins of Organized Crime in Mafia: The Old Country, Coming in 2025

Sid Meier's Civilization® VII Launching Worldwide on February 11, 2025

Ball Over Everything: NBA® 2K25 Launches Worldwide

Take-Two Interactive to Host Webcast of 2024 Annual Meeting of Stockholders

Tales of the Shire: A The Lord of The Rings Game Launches on March 25, 2025

Take-Two Interactive Software, Inc. to Report Second Quarter Fiscal Year 2025 Results on Wednesday, November 6, 2024

Red Dead Redemption and Undead Nightmare Now Available For PC

Zynga Poker and Rob Riggle Partner to Unveil Highly-Anticipated Multi-Table Tournaments

Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2025

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