Take-Two Interactive Software Inc. (NASDAQ: TTWO) has seen its stock rise over 10% in the past couple of months on the NASDAQGS. Many analysts cover the large-cap stock, but it could still be a bargain.
According to valuation, the intrinsic value for the stock is $202.30, which is above the current market value. This indicates a potential opportunity to buy low. Take-Two Interactive Software’s share price is theoretically quite stable.
This could mean it may take some time for the share price to move to its intrinsic value, and there may be fewer opportunities to buy at a low price in the future once it reaches that value. Take-Two Interactive Software has an optimistic future, with profit expected to grow by 89% over the next year. This projected growth should lead to higher cash flow and a higher share valuation.
For shareholders, this may be an excellent time to increase holdings. The positive outlook does not yet appear to be fully factored into the share price. For potential investors, now might be the time to invest.
The favorable future outlook is not fully reflected in the current share price. In the latest market close, Take-Two Interactive reached $151.37, with a +0.59% movement compared to the previous day. The stock’s change was more than the S&P 500’s daily gain of 0.01%.
The Dow added 0.09%, and the tech-heavy Nasdaq gained 0.08%. Investors are eagerly anticipating the upcoming earnings release of Take-Two Interactive. The company’s earnings per share (EPS) are projected to be $0.42, reflecting a 65.85% decrease from the same quarter last year.
Take-Two Interactive stock analysis
The latest consensus estimate expects the revenue to be $1.45 billion, showing a 0.34% increase compared to the year-ago quarter. Take-Two Interactive currently holds a Zacks Rank of #2 (Buy).
Over the past month, there has been a 6.65% rise in the Zacks Consensus EPS estimate. From a valuation perspective, Take-Two Interactive is currently trading at a Forward P/E ratio of 59.55, a premium compared to its industry’s average Forward P/E of 15.93. Technical analysis is crucial in predicting stock market movements for Take-Two Interactive Software Inc.
Specific trading strategies have been identified to optimize trading decisions and manage risk. For long-term trading, the technical summary data suggests buying TTWO near $141.76, with an upside target of $153.18. A stop-loss should be set at $141.35.
Conversely, the data indicates shorting TTWO near $153.18, targeting $141.76 with a stop-loss at $153.62. For swing trading, if TTWO breaks above $148.42, it is recommended to buy slightly above this level with an upside target of $153.22 and a stop-loss at $147.99. If TTWO tests $148.42, a short position can be initiated targeting $141.76 with a stop-loss at $148.85.
For day trading, if the price surpasses $148.42, buying slightly above this level is suggested with a target of $149.50 and a stop-loss at $148.07. If the stock tests $148.42, a short position should target $141.76 with a stop-loss set at $148.77. The first support level is identified at $141.76 and should be considered a buying signal if tested.
The first resistance level is at $148.42. A break above this level would signal a potential buy, while testing this level without breaking signals a potential short. Incorporating AI-generated signals and technical analysis can guide trading strategies for TTWO effectively.
By understanding support and resistance levels, traders can make informed decisions that align with their risk tolerance and market conditions.
