Take-Two stock price target raised to $260 from $250 at Raymond James

Investing.com - Raymond (NSE:RYMD) James raised its price target on Take-Two Interactive (NASDAQ:TTWO) to $260 from $250 while maintaining an Outperform rating following the company’s strong fiscal first-quarter results. The stock, currently trading at $226.49, has delivered an impressive 63.2% return over the past year, with analysts maintaining a Strong Buy consensus.

The video game publisher reported financial figures that were "solidly above expectations" for the quarter ended June 30, 2025, prompting the company to raise its full-year outlook. According to InvestingPro data, Take-Two has maintained steady revenue growth of 5.31% despite challenging market conditions, though current valuation metrics suggest the stock may be trading at premium levels.

Take-Two’s portfolio continued to perform well, with NBA 2K and mobile games highlighted as standouts, while Grand Theft Auto Online also contributed to results that exceeded expectations.

Raymond James noted that the quarter delivered "exactly what investors would want to see" to maintain interest ahead of the highly anticipated Grand Theft Auto VI release scheduled for 2026.

Upcoming titles including Mafia: The Old Country and Borderlands 4 appear on track to meet expectations, which the firm believes "could be conservative," indicating a consumer base "willing to spend on quality content."

In other recent news, Take-Two Interactive reported its fiscal Q1 2025 financial results, showcasing a mixed performance. The company achieved revenue of $1.42 billion, surpassing analyst forecasts of $1.31 billion, representing an 8.4% positive surprise. However, earnings per share (EPS) showed a loss of $0.07, missing the expected $0.28, which was a 125% negative surprise. BofA Securities responded to these developments by raising Take-Two’s stock price target from $260 to $285, while maintaining a Buy rating. This decision was influenced by Take-Two’s first-quarter Net Bookings of $1.42 billion, exceeding the high end of guidance by 9%. Additionally, recurrent consumer spending increased 17% year-over-year, significantly surpassing the company’s guidance of 7% growth. These recent developments highlight the company’s strong revenue performance despite the EPS shortfall.

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