Wedbush analyst Michael Pachter has maintained their bullish stance on TTWO stock, giving a Buy rating on May 5.
Michael Pachter has given his Buy rating due to a combination of factors that highlight Take-Two’s strong future prospects. Despite the delay of Grand Theft Auto VI to May 2026, Pachter believes that the lifetime sales of the game will remain robust, with an increased launch-quarter sell-in estimate driven by a growing console install base. The anticipated premium pricing of the game aligns with industry trends, further supporting revenue expectations.
Additionally, Pachter is optimistic about Take-Two’s trajectory through 2027, bolstered by a lineup of high-profile titles such as Borderlands 4 and Mafia: The Old Country. The company’s sustained mobile momentum and potential profit upside following Apple’s recent court defeat also contribute to this positive outlook. Pachter maintains an OUTPERFORM rating and a price target of $253, based on a 20x multiple of the FY:27 EPS estimate of $12.65, reflecting confidence in Take-Two’s ability to meet and exceed market expectations.
Pachter covers the Communication Services sector, focusing on stocks such as Getty Images Holdings, Electronic Arts, and Take-Two. According to TipRanks, Pachter has an average return of -5.1% and a 43.27% success rate on recommended stocks.
In another report released on May 5, Bank of America Securities also reiterated a Buy rating on the stock with a $250.00 price target.