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Take-Two Interactive NASDAQ: TTWO recently delivered a masterclass in financial performance, posting record-breaking second-quarter fiscal year 2026 (FY2026) earnings that flew past expectations. Yet, Take-Two's stock price wavered.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Take-Two (TTWO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Some of the biggest video-game news of the season is about a game that isn't even expected this year—though it was once.
TTWO's fiscal second quarter soars with 33% bookings growth to $1.96B, raises FY26 guidance as NBA 2K26, Borderlands 4 excel.
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Shares of Take-Two Interactive Software, Inc (NASDAQ:TTWO) are down 5.8% to trade at $237.95, after the video game maker delayed for the third time the release of "Grand Theft Auto VI," now slated for Nov. 19, 2026.
Take-Two Interactive Software Inc (NASDAQ:TTWO) (TTWO) shares fell more than 7% in pre-market trading on Friday after the interactive entertainment provider revealed that the release of its Grand Theft Auto (GTA) VI game has been delayed to November 19, 2026, five months later than originally scheduled. The company, though, raised its bookings outlook for the fiscal year to between $6.38 billion and $6.48 billion, up from $6.05 billion to $6.15 billion, and better than the Wall Street forecast of $6.18 billion.
The release of Grand Theft Auto VI, expected to be one of the best-selling games of all time, is delayed once again.
Take-Two Interactive (NASDAQ: TTWO) shares fell after Rockstar confirmed another delay to Grand Theft Auto VI, shifting the launch to November 19, 2026.