Here’s Why Shares of Take-Two Interactive are Up 12%
Analysts are in the process of catching up. Expect to see a bunch of price target revisions in circa $15.
It’s also worth noting that the video game sector has been in a rough patch lately as other leading companies including Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:ERTS) have also struggled in the recession. But the holiday season brings catalysts with Microsoft’s (NYSE:MSFT) new Xbox Kinect and Sony’s (NYSE:SNE) new Playstation Move.
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Disclosure: No positions.
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