Shares of Take-Two Interactive Software Inc. are up 1.2% in premarket trading Tuesday after BMO Capital Markets analyst Gerrick Johnson upgraded the stock to outperform from market perform, writing that the video-game maker could continue to benefit from stay-at-home trends as the industry has proven defensive in times of economic unease. "Take-Two's performance in 4Q illustrates the strength of its core franchises during this time of uncertainty and we are encouraged by the company's strategy to seize opportunities in new platforms, distribution models, and game genres, which should provide more stable, growing earnings and cash flow over time," Johnson wrote. He praised the company for embracing new revenue streams and being "one of the first large publishers" to offer its games on the Nintendo Switch, Alphabet Inc.'s Google Stadia, and Epic Games Store. "It is expanding its sports offering, providing an opportunity for more regular annualized releases," Johnson wrote. "And we see significant opportunities in mobile, where the company is underpenetrated." He raised his price target to $170 from $120 in conjunction with the upgrade. Take-Two shares have added 28% over the past three months as the S&P 500 has shed 5.2%.

Southwest Airlines is better than it seems and Take-Two Interactive is not as good as it may appear.

Take-Two attracted some bullish analyst comments and last week it reported strong fourth quarter results. The shares are off Tuesday.

Q4 2020 Take-Two Interactive Software Inc Earnings Call

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BMO Capital Markets analyst Gerrick Johnson says Take-Two Interactive’s plan to keep a light schedule of new releases for fiscal 2021 is a shrewd move, giving its labels more time to fully exploit the technology in the new gaming systems.

Take-Two Interactive (NASDAQ: TTWO) has a new fan on Wall Street. The video game giant's shares were upgraded on Tuesday and assigned a $170 price target by Gerrick Johnson, an analyst at BMO Capital Markets. Johnson highlighted Take-Two's widening content portfolio, which includes sports franchises like the surging NBA 2K brand, as helping the company's growth.

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Investors may want to excise caution as a light game-release schedule could lead to lower earnings in the coming years.

As the game maker delivered a strong quarter, management dropped a bomb by disclosing a deep pipeline of 93 new releases planned for the next five years.

In the daily Japanese candlestick chart of TTWO, below, we can see that there were long upper shadows on the bars for this past Thursday and Friday. The On-Balance-Volume (OBV) line shows recent weakness after a climb higher from late March and the Moving Average Convergence Divergence (MACD) oscillator has narrowed to a take profits sell signal. In the weekly Japanese candlestick chart of TTWO, below, we can see a large bearish engulfing pattern.

One growth stock that could double your money over the next five years is the low-code software provider Appian (NASDAQ: APPN). Two other promising stocks are leaders in the growing video game industry, Take-Two Interactive (NASDAQ: TTWO) and Glu Mobile (NASDAQ: GLUU). Investors should consider buying shares of Appian.

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Take-Two Interactive (NASDAQ: TTWO) recently announced sales growth that blew past management's outlook. The video game giant's NBA 2K20, Grand Theft Auto, and Borderland brands were just a few of the standouts that allowed net bookings to jump 49% in the fiscal 2020 fourth quarter compared to a 21% increase for rival Activision Blizzard.

Federal aid, extra jobless benefits, contributions to salaries paid by small businesses, a low interest rate environment and gradual reopening of the economy lifted consumers' spirits.