Take-Two Interactive (NASDAQ:TTWO) Soars on AAA Games

The demand for high-quality AAA games helped Take-Two Interactive (NASDAQ:TTWO) enjoy another solid quarter, as the price soared Friday and trading volume was about 8 times the 3-month daily average.

Wedbush initiated EPS revenue estimates on the company, placing them at $320 million for the third quarter and $160 million for the fourth quarter.

EPS estimates for the third quarter are $0.36 and for the fourth quarter are $0.45.

Wedbush maintains a "Neutral" rating on Take-Two Interactive, which closed Friday at $12.93, up $0.99, or 8.29 percent. They raised their price target on them from $11 to $15.