On Tuesday, shares closed up 0.25% to $28.01.
Analysts are optimistic as the company has the opportunity to sell more games into an ever-increasing console install base, which should grow 69% year over year to 48 million to 49 million units by the end of this year, according to the note.
New consoles are selling faster than prior cycles, and with the company's large console business, which includes games like GTA, Red Dead, and NBA, TTWO is "highly leveraged to this trend," analysts said.
Additionally, for the past five to six years, the company has achieved the highest average metacritic scores in the industry, leaving analysts to have a bullish outlook on its future.
Take-Two Interactive Software develops, publishes, and markets interactive entertainment for consumers worldwide.
Separately, TheStreet Ratings team rates TAKE-TWO INTERACTIVE SFTWR as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate TAKE-TWO INTERACTIVE SFTWR (TTWO) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."