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According to the Hollywood Reporters, the holiday season was very, very good to the major game companies, with EA, THQ, Take Two, Vivendi and Activision all seeing stock surges.
Activision's stock rose 34.1% in December. EA was up 4% to $58.41 last month, while THQ was up 15.3% to $28.19. Pachter's price target on EA is $72 and it is $35 on THQ.
Take Two's stock rose 23.2% last month, in spite of the delay of the latest Grand Theft Auto game, although most analysts rate the stock a "sell," and attribute its recent rise to speculation that the publisher was an acquisition target.
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Activision's stock rose 34.1% in December. EA was up 4% to $58.41 last month, while THQ was up 15.3% to $28.19. Pachter's price target on EA is $72 and it is $35 on THQ.
Take Two's stock rose 23.2% last month, in spite of the delay of the latest Grand Theft Auto game, although most analysts rate the stock a "sell," and attribute its recent rise to speculation that the publisher was an acquisition target.
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