Analyst Sees Plenty of Upside for Take-Two Interactive Stock

Call traders appear to be jumping on the bullish bandwagon

Deputy Editor
Oct 6, 2022 at 10:15 AM
facebook twitter linkedin

Video game stock Take-Two Interactive Inc (NASDAQ:TTWO) is up 3.6% at $121.62 at last glance, after an upgrade from Goldman Sachs to "buy" from "neutral," with a price-target hike to $165 from $131. Though the firm sees near-term hurdles for the stock, these headwinds are being "increasingly priced in," and once they're surpassed there is a large amount of upside potential. 

Today's pop has TTWO back above a familiar line of support at the $120 level, though the 140-day moving average -- which rejected the stock's mid-August rally -- still lingers overhead. Year-to-date, the equity is down roughly 32%. 

Of the 29 analysts in coverage, 21 now carry a "buy" or better rating on Take-Two stock, with eight recommending a tepid "hold." Plus, the 12-month consensus price target of $162.30 is a 33% premium to current levels. 

Call traders seem to be in agreement with Goldman Sachs today, with call volume running at four times the intraday average. So far, 2,343 calls have crossed the tape in comparison to 217 puts. The October 130 call is the most active, while new positions are being bought to open at the weekly 10/7 122-strike call. 


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners