Perion Network shares rise 4% on Q3 earnings beat, strong CTV growth
Investing.com -- Take-Two Interactive shares fell after hours following news that the release of Grand Theft Auto VI has been delayed by six months to November 19, 2026, but BMO Capital Markets said the pullback presents a “buying opportunity.”
In a note to clients, BMO reiterated its Outperform rating and Top Pick designation on the stock while raising its price target to $275 from $252.
“Despite an impressive F2Q26E print and FY26E guide, TTWO shares declined after hours as GTA VI was delayed,” analysts wrote. “As stated previously, we see stock declines from GTA VI delays as a buying opportunity for investors.”
BMO cited strong second-quarter results, with net bookings and adjusted operating income coming in 13% and 54% above consensus. Growth was driven by “better-than-expected performance from NBA 2K26, Mafia: The Old Country, and several mobile titles.”
The firm noted that NBA 2K26 recorded a 45% year-over-year increase in recurrent consumer spending with double-digit growth in unit sales and a record average selling price. “Management believes the opportunity for NBA 2K remains in the middle innings, suggesting continued runway for growth,” BMO added.
Mobile also continued to outperform, with bookings up 42% year over year, helped by strong results from Toon Blast and Match Factory! BMO believes the delay in GTA VI “underscores the transformative gaming experience Rockstar Games is building,” and that the additional time should “support a bigger launch from a larger install base.”