Take-Two develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club and Red Dead Redemption names, and it offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully and Manhunt franchises. The company also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports and family/casual entertainment under the BioShock, Mafia, Sid Meier’s Civilization, XCOM series and Borderlands.
In addition, it publishes sports simulation titles, comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; and PGA TOUR 2K. Further, the company offers Kerbal Space Program, OlliOlli World and The Outer Worlds and Ancestors: The Humankind Odyssey under Private Division; and free-to-play mobile games, such as Dragon City, Monster Legends, Two Dots and Top Eleven.
Its products are designed for console gaming systems, including PlayStation 4 and PlayStation 5; Xbox One; the Nintendo’s Switch; personal computers; and mobile, comprising smartphones and tablets. The company provides its products through physical retail, digital download, online platforms and cloud streaming services.
Goldman Sachs has a $150 target price on Take-Two Interactive Software stock. The consensus target is $133.57, and shares closed down 3% on Thursday at $101.66.
Uber
This is the ride-sharing leader and has expanded to food delivery, and it is the top pick at Goldman Sachs. Uber Technologies Inc. (NYSE: UBER) develops and operates proprietary technology applications in North America, Latin America, Europe, the Asia Pacific and elsewhere.
The company connects consumers with independent providers of ride services for ridesharing services, and it connects riders and other consumers with restaurants, grocers and other stores with delivery service providers for meal preparation, grocery and other delivery services.
Uber’s Mobility segment provides products that connect consumers with mobility drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses or taxis. It also offers financial partnerships, transit and vehicle solutions offerings.
The Delivery segment allows consumers to search for and discover local restaurants, order a meal and either pick up at the restaurant or have the meal delivered, and it offers grocery, alcohol and convenience store delivery, as well as select other goods.
The Freight segment connects carriers with shippers on the company’s platform and enables carriers upfront, transparent pricing and the ability to book a shipment, as well as transportation management and other logistics services offerings.
The $45 Goldman Sachs target price is less than the $46.08 consensus figure. Uber stock closed on Thursday at $26.24, which was down close to 5% on the day.
While this selection actually is 11 top stocks, as the Goldman Sachs team pairs the two internet dating stocks as one thematic idea, all these top companies have been bludgeoned in 2022. Though they all offer outstanding entry points, it is important to remember that rising interest rates are kryptonite to technology stocks, and interest rates are likely not going higher. So, it makes sense to buy partial positions here and see what the new year brings.
With that caveat in place, and a reminder of how long it took the Nasdaq to return to highs after the dot-com collapse, aggressive growth investors with a long-term time horizon could be poised to make some massive profits over the next few years on the beaten-down sector giants, as they eventually will trade higher once again.
Originally published at 24/7 Wall St.
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