Take-Two Interactive Downgraded to Hold at Oppenheimer
<p><a href='https://financialmodelingprep.com/financial-summary/TTWO'>Take-Two Interactive Software, Inc. (NASDAQ:TTWO)</a> shares rose nearly 10% since the company’s reported Q1 results last week, with revenue of $1.1 billion coming in better than the Street estimate of $1.09 billion.</p>
<p>Analysts at Deutsche Bank downgraded the company to hold from buy and lowered the price target to $160 from $200.</p>
<p>The analysts lowered their estimates for net bookings by approximately 10% and for adjusted EPS by 20% in 2024 and 2025. The change to their forecast follows the company's updated guidance, which includes an estimated 6-7% reduction in expected net bookings for the company’s core business, and a softer outlook for the Zynga portfolio as well.</p>

NASDAQ:TTWO