Cigna earnings beat by $0.04, revenue topped estimates
On Friday, Take-Two Interactive Software (ETR:SOWGn), Inc. (NASDAQ:TTWO) stock faced a downturn following the announcement of a delay in the release of the highly anticipated video game, Grand Theft Auto VI (GTA VI). The company now plans to launch the game on May 26, 2026, which falls into its fiscal year 2027. This represents a shift from the previously expected release in fiscal year 2026, as the company had initially suggested a "fall 2025" launch window, a timeline reaffirmed during last quarter’s earnings call. The news impacted the stock, which currently trades at $221.85, near its 52-week high of $238. According to InvestingPro analysis, the company’s market capitalization stands at $39.25 billion, with the stock currently showing signs of being overvalued.
The delay has caused Take-Two’s shares to drop sharply, but analysts at Raymond (NSE:RYMD) James maintain a positive outlook. Andrew Marok, an analyst with Raymond James, has reiterated an Outperform rating and a $240.00 price target on Take-Two stock. Marok’s comments emphasized that the delay is characteristic of the game’s developer, Rockstar Games, who tends to prioritize the quality of the final product over adherence to preliminary release schedules. Despite recent volatility, InvestingPro data shows impressive returns of 64.37% over the past year and 43.59% in the last six months, with 12 additional ProTips available for subscribers.
Despite the change in release timing, Raymond James believes that the potential value GTA VI will bring to Take-Two remains unaffected. The analyst suggests that the current lower stock prices could present a buying opportunity for investors. The sentiment is based on the premise that the delay will only impact the timing of the game’s contribution to the company’s financials, not the eventual significance of its release.
Take-Two Interactive has a history of successful releases under its belt, with the Grand Theft Auto series being one of the best-selling video game franchises of all time. The company’s decision to delay GTA VI echoes its commitment to quality, a strategy that has historically paid off with strong sales and critical acclaim for its titles.
Investors and gamers alike will now be marking their calendars for May 26, 2026, as the new launch date for GTA VI. In the meantime, Take-Two’s stock performance will continue to be monitored closely by those interested in the intersection of entertainment and investment. With analyst targets ranging from $135 to $270 and a consensus recommendation of 1.59 (Strong Buy), detailed analysis and comprehensive research reports are available through InvestingPro, helping investors make informed decisions about this gaming industry leader.
In other recent news, Take-Two Interactive has confirmed the release date for the highly anticipated "Grand Theft Auto VI" as May 26, 2026, shifting from the initially planned Fall 2025. Despite the delay, the company expects record net bookings for fiscal years 2026 and 2027. Analysts at Citi have maintained a Buy rating on Take-Two’s stock, with a price target of $260, expressing confidence that the delay will not significantly impact the company’s long-term financial outlook. Similarly, DA Davidson reiterated their Buy rating with a $250 price target, highlighting the success of recent game releases, particularly "NBA 2K25," as a key contributor to the company’s performance.
BofA Securities has also shown optimism by raising their price target for Take-Two to $250, citing the company’s robust content slate for fiscal year 2026, which includes titles like GTA VI, Borderlands, and Mafia. BMO Capital Markets maintained an Outperform rating with a $240 target, emphasizing the potential impact of GTA VI on the company’s earnings and noting that their fiscal year 2026 bookings estimate is higher than the consensus. The analysts’ confidence is bolstered by the stabilization of Take-Two’s mobile portfolio and its strategic positioning in the gaming industry.
Take-Two Interactive plans to discuss its fourth-quarter and fiscal 2025 results on May 15, 2025, which is anticipated to provide further insights into the company’s financial performance. These developments reflect a period of strategic adjustments and positive outlooks from multiple analyst firms, underscoring the company’s potential for growth despite current challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.