Deutsche Bank Reiterates Buy Rating on Take-Two Interactive (TTWO)

Deutsche Bank analyst Bryan Kraft reiterated a Buy rating and $190.00 price target on Take-Two Interactive (NASDAQ: TTWO).

The analyst comments "We hosted a meeting with Karl Slatoff, Take-Two's President, and a group of clients on Monday in NYC. Take-Two remains our top pick in the video games space based on (1) the company's strong track record of creative execution and a robust development pipeline, which should lead to multiple commercially successful titles in the coming years; paired with (2) the potential for further margin expansion as the business adds scale and captures the benefits of its transformation initiatives over time. We believe Take-Two's development teams are generally operating at a high level, and as the company's projects progress towards their expected release dates management's confidence in timelines and guidance should increase."

For an analyst ratings summary and ratings history on Take-Two Interactive click here. For more ratings news on Take-Two Interactive click here.

Shares of Take-Two Interactive closed at $157.40 yesterday.

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