Benchmark Co. analyst Mike Hickey maintained a Buy rating on Take-Two today and set a price target of $300.00.
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Mike Hickey has given his Buy rating due to a combination of factors that suggest strong future performance for Take-Two Interactive. The company is entering fiscal 2Q26 with positive momentum, bolstered by a robust first quarter and an optimistic full-year outlook. Despite some underperformance from titles like Mafia: The Old Country and Borderlands 4, the company is expected to benefit from the success of NBA 2K26 and continued growth in mobile gaming.
Hickey anticipates fiscal year 2026 to be a pivotal period leading up to the release of Grand Theft Auto VI and GTA Online 2, which are expected to significantly boost earnings over multiple years. Additionally, the valuation framework has been adjusted with a raised price target of $300, reflecting the anticipated GTA VI cycle and enhanced live-service monetization. These factors collectively underpin the Buy rating, suggesting that the stock is poised for growth despite any short-term challenges.
In another report released on October 14, Bank of America Securities also maintained a Buy rating on the stock with a $295.00 price target.