Take-Two Interactive Surges to 163rd in Trading Volume with $467 Million Turnover

Generated by AI AgentAinvest Market Brief
Monday, Apr 28, 2025 7:40 pm ET1min read
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On April 28, 2025, Take-Two InteractiveTTWO-- (TTWO) saw a significant increase in trading volume, with a total turnover of $467 million, marking a 35.66% rise from the previous day. This surge placed TTWOTTWO-- at the 163rd position in terms of trading volume for the day. The stock has been on a bullish streak, rising 0.08% and maintaining an upward trend for five consecutive days, with a cumulative gain of 9.94% over the past five days.

Bank of America Securities has raised its price target for Take-Two Interactive to $250, positioning the stock as a potential safe haven during a recession. The bank's thesis is based on Take-Two's strong pipeline of upcoming titles, including highly anticipated games like GTA 6, Borderlands, and Mafia. These titles are expected to capture a significant share of gamers' budgets, even in the face of a potential slowdown in consumer spending.

Analyst Joanna Gajuk from Bank of AmericaBAC-- Securities has maintained the company's 'Buy' rating and raised the Target Price from $125 to $128. This move reflects the analyst's confidence in Take-Two's ability to outperform its video game peers during a macro slowdown.

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