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Investing.com - Rothschild Redburn raised its price target on Take-Two Interactive (NASDAQ:TTWO) to $260.00 from $227.00 on Wednesday, while maintaining a Buy rating on the gaming company’s stock. The stock, currently trading at $232.56, has delivered an impressive 60.52% return over the past year and sits near its 52-week high of $245.07. According to TTWO">InvestingPro data, analysts maintain a strong bullish consensus on TTWO.
The price target increase comes as Grand Theft Auto VI (GTA VI) approaches its release date, now just nine months away according to the research firm.
Rothschild Redburn noted that while consensus average selling price expectations for the game have increased to $80, the firm believes unit sales estimates remain too low, particularly for the PC version of the game.
The research firm also indicated that current market consensus does not reflect an amortization schedule consistent with the previous title in the series, Grand Theft Auto V.
Rothschild Redburn’s earnings per share forecasts for fiscal years 2027 and 2028 are 6% and 18% above consensus, respectively, with the new price target based on 26 times calendar year 2027 earnings per share, up from the previous multiple of 25 times calendar year 2026 earnings.
In other recent news, Take-Two Interactive reported impressive first-quarter results for FY26, surpassing expectations across all major financial metrics. The company achieved net bookings of $1.423 billion, exceeding the consensus estimate of $1.310 billion, and adjusted earnings per share of $0.61, significantly above the expected $0.29. Following these strong results, Take-Two raised its fiscal year 2026 guidance to $6.05 billion-$6.15 billion from the previous $5.9 billion-$6.0 billion. Analysts responded positively, with Benchmark increasing its price target to $275 from $250 while maintaining a Buy rating. Similarly, DA Davidson raised its target to $270, and Raymond James adjusted its target to $260, both maintaining favorable ratings. Oppenheimer reiterated its Outperform rating with a price target of $265. The company’s performance was bolstered by strong results from key franchises like NBA 2K, which saw recurring consumer spending rise nearly 50% year-over-year. These developments reflect a positive outlook for Take-Two Interactive in the near term.
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