Gaming stocks, November 3 morning: Nvidia falls as Take-Two rises

Nvidia shares finished down 1.3% after gaining 2.6% earlier in the day, according to the Associated Press. The figures in this column refer to the regular US session that closed at 23:00 on Monday, November 2.

Nvidia (Nasdaq: NVDA) makes GeForce graphics cards for PCs and chips for Switch 2.

Take-Two: price target lowered

Take-Two (Nasdaq: TTWO), the company behind GTA and Borderlands, closed up 1.01% at $192.10, according to its investor relations site. The site says its Refinitiv data is delayed by at least 15 minutes.

Ahead of the company’s November 9 earnings report, Wedbush cut its price target from $300 to $280 while reiterating its outperform rating, MT Newswires reports. Wedbush expects GTA VI earnings to last longer than the market anticipates. That is an analyst forecast, not a result already achieved or an explanation for the day’s share movement.

Unity: results due Thursday

Unity Software (NYSE: U), which makes a game engine, is due to report quarterly results on November 5. According to Investing.com via StreetInsider, BTIG maintained a buy rating and $53 price target and expects strong results based on its checks. BTIG also noted concerns about fourth-quarter guidance; the results themselves have yet to be released.

Japan’s market is closed on Tuesday, November 3, for Culture Day. Nintendo’s investor calendar lists its six-month earnings release for November 5.

This column is a journalistic summary only and is not investment advice or a recommendation to buy, sell or hold any security. The writers and the site owner have no personal interest in the companies in this column and hold no shares in them. This information is not a substitute for investment advice that takes into account each person’s data and needs.