Take-Two (TTWO – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Mike Hickey from Benchmark Co. maintained a Buy rating on the stock and has a $225.00 price target.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Mike Hickey has given his Buy rating due to a combination of factors surrounding Take-Two Interactive Software Inc. The decision to delay the release of Grand Theft Auto VI to May 2026, moving it into the company’s fiscal 2027, aligns with expectations and reflects Rockstar Games’ commitment to maintaining high product quality. This strategic move, although seen by some as a delay, is consistent with Rockstar’s history of prioritizing excellence over strict adherence to deadlines.
With the release date now confirmed, the market has gained clarity, and the minor shift in launch timing is not expected to significantly impact the company’s blockbuster release schedule. This provides an opportunity for investors to consider buying on any market weakness, as the fundamentals and long-term prospects of Take-Two remain strong.
Hickey covers the Communication Services sector, focusing on stocks such as IMAX, National Cinemedia, and Cinemark Holdings. According to TipRanks, Hickey has an average return of 1.8% and a 58.35% success rate on recommended stocks.
In another report released today, Robert W. Baird also maintained a Buy rating on the stock with a $210.00 price target.