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Investing.com - TD Cowen has reiterated its Buy rating on Take-Two Interactive (NASDAQ:TTWO) with a price target of $284.00, representing a potential 19% upside from the current price of $239.07. According to InvestingPro data, the broader analyst consensus is also bullish with a "Strong Buy" recommendation.
The research firm identified Take-Two as a "top-tier operator in the global video game market" with what it considers the best long-term track record among its peer group. This reputation is supported by the company’s solid 13.98% revenue growth over the last twelve months, though InvestingPro data indicates the stock is currently trading above its Fair Value, suggesting premium pricing for this market leader.
TD Cowen highlighted several expected catalysts for the gaming company, including the anticipated release of Grand Theft Auto VI (GTA VI) in November 2026.
The firm also noted Take-Two’s pipeline of other upcoming titles as potential value drivers for the company’s future performance.
TD Cowen pointed to ongoing strong performance from Take-Two’s mobile gaming division and its NBA 2K franchise as important contributors to the company’s value.
In other recent news, Take-Two Interactive reported its second-quarter fiscal 2026 earnings, which showed a significant miss on earnings per share (EPS) expectations. The company posted an EPS of -$0.73, falling short of the anticipated $0.94. However, Take-Two exceeded revenue expectations, reporting $1.77 billion compared to the forecasted $1.72 billion. Despite these mixed results, analysts remain optimistic about the company’s future. BMO Capital raised its price target for Take-Two to $275.00, maintaining an Outperform rating and viewing the stock decline as a buying opportunity. UBS also increased its price target to $292.00, keeping a Buy rating after the better-than-expected quarterly performance. The company’s management raised its guidance despite announcing a delay in the release of Grand Theft Auto VI to November 2026, approximately six months later than planned. These developments highlight the ongoing investor interest and analyst confidence in Take-Two Interactive.
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