Take-Two Interactive Offers A Scaled Portfolio Of Mobile Games, Says Analyst
Take-Two Interactive Offers A Scaled Portfolio Of Mobile Games, Says Analyst
J.P. Morgan analyst Cory A Carpenter reiterated an Overweight rating on the shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) with a price target of $200.00.
J.P.摩根分析師Cory A Carpenter重申了Take-Two Interactive Software Inc (NASDAQ:TTWO)股票的超配評級，目標股價爲200.00美元。
The following are the analyst's opinions from the company's CEO and CFO meetings.
以下是分析師從公司CEO和CFO會議中得出的意見。
The analyst noted TTWO sounded rather positive on mobile gaming trends, both for the industry and Zynga specifically.
分析師指出，TTWO對移動遊戲趨勢，包括行業和Zynga都相當樂觀。
Management noted mobile feels 'good and robust,' with stable / slight industry growth in 2024 as consumers are showing a willingness to spend on new titles after a dearth of hits, said the analyst.
管理層表示，移動端感覺“良好且強勁”，2024年穩定/輕微行業增長，因爲消費者在經歷了缺乏熱門遊戲的情況後，表現出了購買新遊戲的意願，分析師表示。
The management considers GTA VI increases focus on the franchise and thus GTA V units could continue to see healthy demand into launch.
管理層認爲GTA VI增加了對系列的關注，因此GTA V單位銷售量可以在發佈後繼續保持強勁需求。
While TTWO has yet to comment on its Online strategy, even in a scenario where GTA VI Online is separate from GTA V Online, there are examples that suggest both can thrive such as NBA ~2K10 Online still going strong after launching in 2017, said the analyst.
儘管TTWO尚未就其在線策略發表評論，但分析師表示，即使在GTA VI Online與GTA V Online分開的情況下，仍有一些例子表明兩者都可以蓬勃發展，例如NBA~2K10 Online在2017年推出後仍然保持強勁，分析師表示。
The analyst came away more skeptical of a potential FIFA 2K simulation game release being in the works as the management said a FIFA license would not come with any sports league rights and hence it would be tough to go head-to-head with EA on a simulation title.
分析師對潛在的FIFA 2K模擬遊戲發佈有更多的懷疑，因爲管理層表示FIFA許可證不會帶來任何體育聯賽權利，因此很難在模擬遊戲上與EA競爭。
The analyst noted that ~80% of the opex increase in FY25 is for marketing, and the majority of that is for Match Factory user acquisition.
分析師指出，在FY25的營銷費用中，約80%的費用增加用於用戶獲取的Match Factory，其中大部分用於營銷。
TTWO estimates the Gen-9 console base to be ~112 million by the time GTA VI launches, compared to the analyst's estimated ~160 million Gen-7 install base when GTA V launched, which had a ~20% attach rate.
TTWO估計Gen-9控制檯基數到GTA VI推出時約爲112億，而分析師估計GTA V推出時Gen-7安裝基數約爲1.6億，有約20%的附加率。
The analyst expects TTWO's GTA VI release in Fall 2025 to drive a sustainable step-function increase in revenue and profitability, and potentially act as a catalyst to valuation.
分析師預計，TTWO於2025年秋季發佈GTA VI將帶動收入和盈利的持續跨越式增長，並可能成爲估值的催化劑。
The analyst also sees upside optionality from new IP, improved mobile performance (~50% of bookings), and ongoing cost efficiencies.
分析師還看到了從新知識產權、提高移動端性能（約50%的預訂）和持續的成本效益中獲得上漲潛力的選擇性機會。
Price Action: TTWO shares are trading lower by 0.52% at $159.70 at the last check Tuesday.
價格走勢：TTWO股票在上週二最後一次檢查時下跌了0.52%，報159.70美元。
Image: victoria from Pixabay
圖片：來自Pixabay的維多利亞
譯文內容由第三人軟體翻譯。