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On Friday, Benchmark analysts increased their price target on shares of Take-Two Interactive (NASDAQ:TTWO) to $225 from the previous $210, while maintaining a Buy rating on the stock. The adjustment follows Take-Two’s announcement of robust third-quarter results, which were significantly propelled by the success of NBA 2K25. With a market capitalization of $36.6 billion and impressive six-month returns of nearly 35%, Take-Two has shown strong momentum despite trading above InvestingPro’s Fair Value estimate. This performance has helped to counterbalance the slower growth observed in the mobile segment of the company’s business.
The company has confirmed its fiscal 2025 guidance, signaling confidence in its continued strong performance into fiscal 2026. With annual revenue of $5.46 billion and analysts projecting profitability this year, Take-Two’s outlook is supported by the anticipated releases of major titles such as Borderlands 4 and Grand Theft Auto 6 (GTA 6). These forthcoming launches are expected to contribute to the company’s momentum and reinforce its market presence. InvestingPro subscribers can access 11 additional exclusive tips and comprehensive analysis about Take-Two’s financial health and growth prospects.
Despite the deceleration in mobile growth, Benchmark’s analysts see a high potential for transformative growth for Take-Two Interactive. The firm’s strategic positioning appears to be strengthening, and the raised price target to $225 reflects the analysts’ optimism about the company’s growth prospects and its robust pipeline of upcoming releases.
The analysts have emphasized Take-Two’s ability to leverage clear market opportunities, which could lead to significant growth. The reiteration of the Buy rating underscores the firm’s positive outlook on the stock’s potential, driven by Take-Two’s solid performance and promising future releases. This sentiment is shared by the company, which has reaffirmed its guidance and expressed expectations of strong performance in the coming fiscal year.
In other recent news, Take-Two Interactive is experiencing significant developments. Oppenheimer has held steady on its outlook for the company, maintaining an Outperform rating and a price target of $215. The firm’s analysis followed Take-Two’s Q3 net bookings totaling $1.37 billion, largely attributed to the success of NBA 2K. Goldman Sachs has updated its outlook on Take-Two, increasing the price target from $205 to $230 and maintaining a Buy rating. This reflects optimism about the company’s future performance, particularly with the expected launch of Grand Theft Auto VI in the fall of 2025.
TD Cowen analysts have also maintained a positive outlook on Take-Two, reiterating a Buy rating and a price target of $211. The firm’s stance is fueled by an optimistic view of the video game sector, anticipating 2025 to be a significant year for the industry. Despite a forecasted dip in Q4 console software sales, the expected growth in mobile gaming is seen as a compensatory factor.
In the midst of these developments, Take-Two’s stock fell by 3% as a reaction to its closest peer, Electronic Arts (NASDAQ:EA), revising its guidance downwards. However, Oppenheimer increased its price target for Take-Two to $215 from the previous $190 while maintaining an Outperform rating. This adjustment reflects the firm’s positive outlook on the video game publisher, citing a robust lineup and strong franchise performance.
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