Latest news with #JamesHeaney
Business Insider
3 days ago
- Business
- Business Insider
AppLovin (APP): New Buy Recommendation for This Technology Giant
In a report released today, James Heaney CFA from Jefferies reiterated a Buy rating on AppLovin (APP – Research Report), with a price target of $530.00. Confident Investing Starts Here: Heaney CFA covers the Communication Services sector, focusing on stocks such as Netflix, Walt Disney, and Snap. According to TipRanks, Heaney CFA has an average return of 21.5% and a 43.62% success rate on recommended stocks. In addition to Jefferies, AppLovin also received a Buy from BTIG's Clark Lampen in a report issued on May 30. However, on May 28, Needham maintained a Hold rating on AppLovin (NASDAQ: APP). The company has a one-year high of $525.15 and a one-year low of $60.67. Currently, AppLovin has an average volume of 8.85M. Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APP in relation to earlier this year. Last month, Arash Adam Foroughi, the CEO & Chairperson of APP sold 133,700.00 shares for a total of $49,070,352.34.
Yahoo
14-05-2025
- Business
- Yahoo
Take Two stock target raised at Jefferies despite GTA VI delay
-- Take-Two Interactive (NASDAQ:TTWO) shares received a vote of confidence from Jefferies, which raised its price target to $270 from $225, even as the highly anticipated launch of Grand Theft Auto VI (GTA VI) has been delayed into fiscal 2027. The broker expects an in-line fourth quarter but notes that investor focus will shift toward the fiscal 2026 outlook, which now excludes GTA VI. Despite this, Jefferies forecasts record bookings for the year, estimating $6.6 billion in bookings and $4.45 in non-GAAP earnings per share (EPS), supported by new releases including Borderlands 4 and Mafia: The Old Country. In its updated base case, Jefferies models 50 million units sold for GTA VI on console in financial year 2027 (FY25), generating $4.2 billion in total bookings for the franchise that year and boosting Take-Two's projected EPS to $10.58. Jefferies also outlined upside and downside scenarios. The bull case includes PC sales and a fuller rollout of GTA Online in FY27, potentially pushing EPS to $12.00 and the stock to $330. The downside scenario assumes further delays and a weaker pipeline, lowering EPS to $8.00 and the price target to $180. 'It is highly possible GTA gets delayed again to Fall 2026, no PC until FY28, and partial-year GTA Online,' analysts led by James Heaney warn. While mobile bookings showed softness and the GTA VI delay introduces uncertainties, Jefferies highlighted a content-rich slate and signs of improving trends in NBA 2K. The broker said questions remain on Borderlands 4 pricing, mobile marketing spend, and the broader FY26 lineup, but noted that the upcoming Summer Games Fest may provide clarity. Despite the delay, Jefferies emphasized that 'TTWO possesses some of the highest-quality content amongst U.S. publishers' and continues to view the company's pipeline as a driver of long-term re-rating. Related articles Take Two stock target raised at Jefferies despite GTA VI delay TenneT in talks over stake sale in German division Rivian: Jefferies downgrades stock on downbeat demand outlook Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Take Two stock target raised at Jefferies despite GTA VI delay
-- Take-Two Interactive (NASDAQ:TTWO) shares received a vote of confidence from Jefferies, which raised its price target to $270 from $225, even as the highly anticipated launch of Grand Theft Auto VI (GTA VI) has been delayed into fiscal 2027. The broker expects an in-line fourth quarter but notes that investor focus will shift toward the fiscal 2026 outlook, which now excludes GTA VI. Despite this, Jefferies forecasts record bookings for the year, estimating $6.6 billion in bookings and $4.45 in non-GAAP earnings per share (EPS), supported by new releases including Borderlands 4 and Mafia: The Old Country. In its updated base case, Jefferies models 50 million units sold for GTA VI on console in financial year 2027 (FY25), generating $4.2 billion in total bookings for the franchise that year and boosting Take-Two's projected EPS to $10.58. Jefferies also outlined upside and downside scenarios. The bull case includes PC sales and a fuller rollout of GTA Online in FY27, potentially pushing EPS to $12.00 and the stock to $330. The downside scenario assumes further delays and a weaker pipeline, lowering EPS to $8.00 and the price target to $180. 'It is highly possible GTA gets delayed again to Fall 2026, no PC until FY28, and partial-year GTA Online,' analysts led by James Heaney warn. While mobile bookings showed softness and the GTA VI delay introduces uncertainties, Jefferies highlighted a content-rich slate and signs of improving trends in NBA 2K. The broker said questions remain on Borderlands 4 pricing, mobile marketing spend, and the broader FY26 lineup, but noted that the upcoming Summer Games Fest may provide clarity. Despite the delay, Jefferies emphasized that 'TTWO possesses some of the highest-quality content amongst U.S. publishers' and continues to view the company's pipeline as a driver of long-term re-rating. Related articles Take Two stock target raised at Jefferies despite GTA VI delay The U.S. market is expensive and unlikely to continue making new highs: BCA Momentum traders are 'in no rush' to add to their long positions: UBS Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
03-05-2025
- Business
- Yahoo
Take-Two Shares Drop on GTA's ‘Perfect Track Record of Delays'
Video game publisher Take-Two Interactive Software saw its shares drop by as much as 10% Friday after the company announced that the next edition of its Grand Theft Auto game would be delayed until 2026. It finished the day down 6.66%. 'We hope you understand that we need this extra time to deliver at the level of quality you expect and deserve,' Take-Two Rockstar Games division wrote on a social media post Friday morning. More from Sports Cards Lead eBay Growth as Goldin, PSA Drive Volume Trump Tariffs Hit Big Names as Sports Stocks Flounder in April Evan Turner Defeats Former Agent in Chinese Shoe Stock Sale Dispute GTA VI is now delayed some eight months beyond the initial early 2025 release time that Wall Street had been expecting. The past two editions of Grand Theft Auto have each been delayed by six months, with earlier versions also behind schedule. 'Rockstar keeps its perfect track record of delays' Jefferies analyst James Heaney wrote in a morning note on the news. 'Getting an actual release date reduces the likelihood of a further delay, but with Rockstar that chance is never zero.' While the GTA delay means Take-Two probably falls short of revenue expectations for 2025, Friday's share drop is probably just short-term minded traders exiting their positions without any serious judgment on Take-Two's long-term business being passed by the market, according to Heaney. 2026 'should still deliver record bookings from Mafia and Borderlands 4, and all past Rockstar delays have ultimately proven to be buying opportunities,' he wrote. Previous editions of Red Dead Redemption (RDR), another one of the Take Two's core franchises, have also been delivered behind schedule, as have many other Rockstar titles, according to a 2024 article by enthusiast publication Kotaku. While Grand Theft Auto hasn't been positioned as an esports title, its success has been integral to Take Two's business. GTA, RDR, NBA 2K, BioShock and Borderlands account for some 85% of the company's revenue, according to CFRA analyst Shreya Gheewala. Take-Two has had one of the highest-performing stocks of publicly traded video game-makers the past six months; it has risen 22% while Electronic Arts, Microsoft and Ubisoft have all declined. The company also benefited from management's confidence that Grand Theft Auto would be released this fall. Take-Two flawlessly released NBA 2K25 last year with better-than-expected results. 'We're forecasting calendar year 2025 to be an inflection point for Take-Two from the groundbreaking release of Grand Theft Auto VI to the unmatched pipeline that 2K is set to deliver,' Take-Two executive chairman and CEO Strauss Zelnick said in February. The company is expected to release 2K PGA and WWE titles this year. The delay should also have a beneficial effect on EA, which has struggled in the stock market due to mediocre business in its EA Sports FC 25 game, the soccer title previously published with the FIFA name. EA has said it will not release the next version of its Battlefield, a first-person shooter game, this year if it had to compete against GTA for consumer attention, according to Heaney. The fall selling window is now opening up for EA, and, in line with that thinking, EA shares jumped as high as 6% Friday in early trading. (This story has been updated with the final Take-Two stock change Friday and clarified in the ninth paragraph to note its stock is one of the sector's best performers this year, rather than the best.) Best of Most Expensive Sports Memorabilia and Collectibles in History The 100 Most Valuable Sports Teams in the World NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Take-Two Shares Drop on GTA's ‘Perfect Track Record of Delays'
Video game publisher Take-Two Interactive Software saw its shares drop by as much as 10% Friday after the company announced that the next edition of its Grand Theft Auto game would be delayed until a year from now. 'We hope you understand that we need this extra time to deliver at the level of quality you expect and deserve,' Take-Two Rockstar Games division wrote on a social media post Friday morning. More from Sports Cards Lead eBay Growth as Goldin, PSA Drive Volume Trump Tariffs Hit Big Names as Sports Stocks Flounder in April Evan Turner Defeats Former Agent in Chinese Shoe Stock Sale Dispute GTA VI is now delayed some eight months beyond the initial early 2025 release time that Wall Street had been expecting. The past two editions of Grand Theft Auto have each been delayed by six months, with earlier versions also behind schedule. 'Rockstar keeps its perfect track record of delays' Jefferies analyst James Heaney wrote in a morning note on the news. 'Getting an actual release date reduces the likelihood of a further delay, but with Rockstar that chance is never zero.' While the GTA delay means Take-Two probably falls short of revenue expectations for 2025, Friday's share drop is probably just short-term minded traders exiting their positions without any serious judgment on Take-Two's long-term business being passed by the market, according to Heaney. 2026 'should still deliver record bookings from Mafia and Borderlands 4, and all past Rockstar delays have ultimately proven to be buying opportunities,' he wrote. Previous editions of Red Dead Redemption (RDR), another one of the Take Two's core franchises, have also been delivered behind schedule, as have many other Rockstar titles, according to a 2024 article by enthusiast publication Kotaku. While Grand Theft Auto hasn't been positioned as an esports title, its success has been integral to Take Two's business. GTA, RDR, NBA 2K, BioShock and Borderlands account for some 85% of the company's revenue, according to CFRA analyst Shreya Gheewala. Take-Two has had the highest-performing stock of publicly traded video game-makers the past six months; it has risen 22% while Electronic Arts, Microsoft and Ubisoft have all declined. The company also benefited from management's confidence that Grand Theft Auto would be released this fall. Take-Two flawlessly released NBA 2K25 last year with better-than-expected results. 'We're forecasting calendar year 2025 to be an inflection point for Take-Two from the groundbreaking release of Grand Theft Auto VI to the unmatched pipeline that 2K is set to deliver,' Take-Two executive chairman and CEO Strauss Zelnick said in February. The company is expected to release 2K PGA and WWE titles this year. The delay should also have a beneficial effect on EA, which has struggled in the stock market due to mediocre business in its EA Sports FC 25 game, the soccer title previously published with the FIFA name. EA has said it will not release the next version of its Battlefield, a first-person shooter game, this year if it had to compete against GTA for consumer attention, according to Heaney. The fall selling window is now opening up for EA, and, in line with that thinking, EA shares jumped as high as 6% Friday in early trading. Best of Most Expensive Sports Memorabilia and Collectibles in History The 100 Most Valuable Sports Teams in the World NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams
