Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Take Two Interactive Software, Inc / Equity Bottom-Up

<ul><li>Take-Two Interactive Software, Inc.</li><li>posted robust results for Q3 FY2024, led by robust performances from Grand Theft Auto V, Grand Theft Auto Online, the Red Dead Redemption series, and Zynga's in-app purchases.</li><li>Net bookings reached $1.3 billion for the quarter.</li></ul>

Take-Two Interactive Software, Inc.posted robust results for Q3 FY2024, led by robust performances from Grand Theft Auto V, Grand Theft Auto Online, the Red Dead Redemption series, and Zynga's in-app purchases.Net bookings reached $1.3 billion for the quarter.

Take-Two Interactive Software: The Realization Of The Zynga Acquisition Synergies Is Now Evident & How! - Major Drivers

<ul><li>Take-Two Interactive Software, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par earnings.</li><li>In the quarter, Grand Theft Auto V and Grand Theft Auto Online outperformed expectations, with the former reaching approximately 190 million units sold.</li><li>Red Dead Redemption 2 surpassed plans, selling over 57 million units, while NBA 2K24 successfully launched over 4.5 million units.</li></ul>

Take-Two Interactive Software, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par earnings.In the quarter, Grand Theft Auto V and Grand Theft Auto Online outperformed expectations, with the former reaching approximately 190 million units sold.Red Dead Redemption 2 surpassed plans, selling over 57 million units, while NBA 2K24 successfully launched over 4.5 million units.

Take-Two Interactive Software Inc.: What Are The Biggest Drivers For Its Future Growth? -  Financial Forecasts

<ul><li>Take-Two Interactive Software delivered a mixed set of results for the previous quarter with revenues above the analyst consensus.</li><li>Notable successes were observed in titles like Graft Theft Auto Online, Grand Theft Auto V, and NBA 2K23, surpassing projections.</li><li>The launch of San Andreas Mercenaries for Grand Theft Auto Online brought fresh content, including new missions, vehicles, and fan-requested improvements.</li></ul>

Take-Two Interactive Software delivered a mixed set of results for the previous quarter with revenues above the analyst consensus.Notable successes were observed in titles like Graft Theft Auto Online, Grand Theft Auto V, and NBA 2K23, surpassing projections.The launch of San Andreas Mercenaries for Grand Theft Auto Online brought fresh content, including new missions, vehicles, and fan-requested improvements.

Take-Two Interactive Software: The Games Driving Their Billion-Dollar Bookings! - Major Drivers

<ul><li>Take-Two Interactive Software delivered a mixed set of results in its most recent result, with revenues above Wall Street expectations but below-par earnings.</li><li>Moving forward into fiscal 2024, Take Two expects full-year net bookings from $5.45 billion to $5.55 billion, considering the challenging consumer backdrop.</li><li>We give Take-Two Interactive Software a 'Hold' rating with a revised target price.</li></ul>

Take-Two Interactive Software delivered a mixed set of results in its most recent result, with revenues above Wall Street expectations but below-par earnings.Moving forward into fiscal 2024, Take Two expects full-year net bookings from $5.45 billion to $5.55 billion, considering the challenging consumer backdrop.We give Take-Two Interactive Software a 'Hold' rating with a revised target price.

Take-Two Interactive Software: Longer Development Timelines A Problem? – Key Drivers

AlphaSituations-Event/Catalyst Driven Research, AlphaSituations

Robert Sassoon

AlphaSituations-Event/Catalyst Driven Research

AlphaSituations

Since its establishment, AlphaSituations has delivered a track record of outperformance with a hit rate of winners of more than 70% of its portfolio of ideas generating annualized average returns of 20%. In January 2022, AlphaSituations was contracted by Water Tower Research, an investor engagement and stakeholder communication platform to provide coverage of Special Situations

Event-Driven

<ul>
<li>Microsoft's all cash acquisition of video game publisher Activision Blizzard is the biggest in the former's history and the largest ever transaction in the video gaming sector.</li>
<li>While intense regulatory scrutiny of the deal is expected, the arguments favoring high odds for eventual deal approval are reasonable. </li>
<li>We believe the 17% merger spread offers the prospect of  double-digits annualized return over the next 12 to 18 months.</li>
</ul>


Microsoft's all cash acquisition of video game publisher Activision Blizzard is the biggest in the former's history and the largest ever transaction in the video gaming sector.
While intense regulatory scrutiny of the deal is expected, the arguments favoring high odds for eventual deal approval are reasonable. 
We believe the 17% merger spread offers the prospect of  double-digits annualized return over the next 12 to 18 months.


MergerTalk: Microsoft/Activision Blizzard-Why We Think This Transaction May Not Be Such A Gamble

United States

Take-Two Interactive Software, Inc. develops, markets, distributes, and publishes interactive entertainment software games and accessories.  The Company's products are for console systems, handheld gaming systems and personal computers (including smartphones and tablets) and are delivered through physical retail, digital download, online and cloud streaming services.

Take Two Interactive Software, Inc (TTWO US)

Take Two Interactive Software, Inc (TTWO US)

Take-Two Interactive Software: The Realization Of The Zynga Acquisition Synergies Is Now Evident & How! - Major Drivers

Take-Two Interactive Software, Inc. posted robust results for Q3 FY2024, led by robust performances from Grand Theft Auto V, Grand Theft Auto...

Baptista Research

Take-Two Interactive Software Inc.: What Are The Biggest Drivers For Its Future Growth? - Financial Forecasts

Take-Two Interactive Software, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but...

Baptista Research

Take-Two Interactive Software: The Games Driving Their Billion-Dollar Bookings! - Major Drivers

Take-Two Interactive Software delivered a mixed set of results for the previous quarter with revenues above the analyst consensus. Notable...

Baptista Research

Take-Two Interactive Software: Longer Development Timelines A Problem? – Key Drivers

Take-Two Interactive Software delivered a mixed set of results in its most recent result, with revenues above Wall Street expectations but...

Baptista Research

MergerTalk: Microsoft/Activision Blizzard-Why We Think This Transaction May Not Be Such A Gamble

Why we think that the prospect of earning double-digits annualized returns from this transaction within the next 18 months might not be such a gamble

Robert Sassoon