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Take-Two Interactive (NASDAQ:TTWO) stock has reached an all-time high, hitting $240.85. This milestone underscores the company’s strong performance over the past year, with the $43.7 billion gaming giant’s stock price surging by 54.41%. According to InvestingPro data, analysts maintain a bullish outlook, with a consensus "Strong Buy" recommendation. The video game publisher, known for popular franchises such as Grand Theft Auto and NBA 2K, has benefited from robust demand in the gaming industry and strategic acquisitions, achieving 5.3% revenue growth in the last twelve months. This positive momentum reflects investor confidence in Take-Two Interactive’s growth prospects and its ability to capitalize on expanding market opportunities. InvestingPro analysis reveals 13 additional key insights about TTWO’s valuation and growth potential, available in the comprehensive Pro Research Report.
In other recent news, Take-Two Interactive has announced a public offering of 4,750,000 shares of common stock priced at $225 per share, potentially raising approximately $1.19 billion. The proceeds from this offering are intended for general corporate purposes, including debt repayment and potential acquisitions. In a related development, Take-Two has revised its outlook to stable from negative, according to S&P Global Ratings, after issuing $1.19 billion in equity to reduce its leverage. The company’s leverage, which had been above the downgrade threshold since acquiring Zynga (NASDAQ:ZNGA) in 2022, is now expected to decline to below 2x by the end of fiscal 2026. Additionally, Jefferies has reiterated its buy rating on Take-Two’s stock with a price target of $270.00, noting that while artificial intelligence is not yet significantly impacting the company’s games, it may improve productivity in the future. Take-Two also confirmed the release of Grand Theft Auto VI on May 26, 2026, with expectations of significant revenue growth following the release. The company plans to maintain its existing GTA V Online platform alongside the new game.
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