Money in Gaming – Take Two Interactive $TTWO Rips 11% on Raised Guidance

Super Harley

Stifel raised $TTWO price target to $96 from $87.

From Their Note:

The key takeaway from this update, in our opinion, was the sustained momentum for the GTA V franchise, including a record quarter for GTA Online, the largest contributor to recurrent consumer spending (+71% year-over-year and; 58% of non-GAAP revenue). And based on the fiscal first quarter beat and traction for its titles, management made material upward adjustments to fiscal 2018 guidance, and continues to project record results in fiscal 2019.