Analysts Are Revising Price Targets of These 5 Stocks Post Earnings

3. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Number of Hedge Fund Holders: 63

Benchmark slashed its price target for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) from $125 per share to $120 per share on Tuesday, February 7. The research firm was primarily moved by the game publisher’s weak third-quarter results and disappointing full-year outlook.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reported a loss of 91 cents per share for its fiscal third quarter, wider than a loss of 89 cents per share estimated by analysts. The quarterly revenue of $1.41 billion also came in below the consensus of $1.48 billion.

Besides weak earnings, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) also disappointed investors with its fiscal fourth-quarter sales outlook. The company projected revenue in the range of $1.34 – $1.39 billion for the current quarter, below analysts’ average estimate of $1.5 billion.