Roth MKM analyst Eric Handler keeps a Buy rating and $160 price target on Take-Two ahead of the company’s Q2 results. The firm is cautious towards the company’s earnings print but continues to believe in the substantial potential of its development pipeline and a FY25 inflection point. Roth MKM added that mobile bookings remain sluggish, and Roth MKM is concerned by lower ratings for NBA 2K24 vs. last year, but FY24 is also shaping up as a transition year and attention is much more focused on upcoming game announcements, particularly for GTA 6.
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