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Take-Two Interactive Software Inc (NASDAQ:TTWO) is expected to deliver a largely in-line fiscal first quarter performance, with investor attention likely to remain focused on management commentary around the highly anticipated release of Grand Theft Auto VI, according to Jefferies analysts. Jefferies wrote that Wall Street expectations for the quarter remain muted, with bookings forecast to decline about 4% year over year, largely reflecting weakness in the company's mobile business as several key titles slow.
In the latest trading session, Take-Two Interactive (TTWO) closed at $237.03, marking a -2.89% move from the previous day.
In the latest trading session, Take-Two Interactive (TTWO) closed at $258.41, marking a +1.34% move from the previous day.
In the closing of the recent trading day, Take-Two Interactive (TTWO) stood at $249.98, denoting a +1.15% move from the preceding trading day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Take-Two delivered FY2026 results above guidance, driven by growth in recurrent consumer spending, mobile gaming, and core franchises. The business is strengthening ahead of Grand Theft Auto VI, with EBITDA expanding and the balance sheet improving. Management expects FY2027 to establish a higher level of operating performance supported by a multi-year release pipeline.
Shares of Take-Two Interactive Software, Inc (NASDAQ:TTWO), are 1.2% lower to trade at $240.32 this morning, pivoting lower despite the company announced pre-orders for its Grand Theft Auto VI game, priced at $79.99.
Take-Two Interactive Software has priced its highly anticipated "Grand Theft Auto VI" at $79.99 and will launch the game on November 19, the company said on Wednesday.
In the closing of the recent trading day, Take-Two Interactive (TTWO) stood at $242.64, denoting a +1.28% move from the preceding trading day.
Take-Two Interactive Software Inc (NASDAQ:TTWO) shares could see a stronger long-term monetization profile from the next iteration of Grand Theft Auto Online (GTAO), according to Bank of America, which raised its price objective on the stock and upgraded its forward bookings assumptions for the franchise. Bank of America reiterated its 'Buy' rating on Take-Two and raised its price objective to $368, based on a 26x multiple applied to its FY28 earnings estimate.