Take-Two Interactive stock price target raised to $300 from $270 at Jefferies

Investing.com - Jefferies raised its price target on Take-Two Interactive (NASDAQ:TTWO) to $300 from $270 while maintaining a Buy rating on the stock. The new target represents potential upside from the current price of $256.37, though InvestingPro data indicates the stock is trading above its Fair Value.

The investment firm cited strong mobile and NBA 2K data heading into the company’s fiscal second quarter of 2026, suggesting Take-Two is likely to exceed what Jefferies characterized as "particularly conservative mobile guidance."

Jefferies also noted that Borderlands 4 is tracking in line with expectations, providing additional support for the company’s near-term performance outlook.

The firm acknowledged that while a fiscal second-quarter earnings beat may have limited impact on the stock price without accompanying Grand Theft Auto VI news, it remains positive on the GTA cycle overall.

Jefferies based its new $300 price target on a multiple of 29 times its fiscal year 2027 earnings per share estimate of $10.43 for Take-Two Interactive . The stock currently trades at high valuation multiples with a Price/Book ratio of 13.59, reflecting market optimism about future releases. InvestingPro has identified 11 additional investment tips for Take-Two, available in the comprehensive Pro Research Report covering this $47.29 billion market cap company.

In other recent news, Take-Two Interactive Software Inc.’s Rockstar Games is facing allegations of union busting after reportedly firing between 30 and 40 employees across its UK and Canadian offices. The Independent Workers’ Union of Great Britain claimed that all terminated staff were part of a private trade union chat group on Discord. In terms of financial forecasts, TD Cowen raised its price target for Take-Two Interactive to $284, maintaining a Buy rating, citing strong performance from the company’s NBA 2K franchise and mobile gaming operations. Similarly, Benchmark increased its price target to $300, also maintaining a Buy rating, attributing this to solid momentum following a strong fiscal first quarter and raised full-year guidance. DA Davidson joined in raising its price target to $300, based on record engagement levels for Take-Two’s NBA 2K games. These developments come amidst broader industry moves, such as OpenAI’s plan to monetize its video generation technology and share revenue with content rightsholders.

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