12:45 PM EDT, 05/17/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target at $177 on 27.6x our CY 25 EPS view of $6.40, below peers reflecting tough comps, partially offset by new content pipeline. We cut our FY 25 EPS view to $2.94 from $6.26 and start FY 26's at $7.58. TTWO posted Q4 EPS of -$0.59 vs. $0.63, missing consensus by $0.67. Net bookings declined 3% to $1.35B hampered by a 2% drop in recurrent consumer spending. While NBA 2K performed flat, lower sales from the aging GTA online weighed on results despite some offsets from mobile strength. We have concerns around reduced FY 25 guidance, which appears to factor in continued challenges in mobile ads and potential softness for NBA 2K24. However, we remain optimistic on a strong pipeline beyond '24, including Zynga's Match Factory! showing impressive user retention and monetization trends. The announced GTA VI launch slated for Fall '25 is a major catalyst, though execution risk warrants monitoring for potential delays. Management's $165M cost savings program should help support profitability.