Morgan Stanley maintains Overweight rating on TTWO
Morgan Stanley is maintaining its Overweight rating and $280 price target on Take-Two Interactive (TTWO) after the company’s fiscal fourth quarter results.
The firm’s $280 target implies approximately 18% upside to the base case from the current share price of $238.08.
Morgan Stanley sees the confirmed November 19 launch of GTA VI as a rare setup for TTWO shares, with rising investor attention and limited near-term execution risk.