Analyst Chris Schoell from UBS maintained a Buy rating on Take-Two and increased the price target to $292.00 from $285.00.
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Chris Schoell has given his Buy rating due to a combination of factors that highlight Take-Two’s strong financial performance and future growth prospects. The company reported significantly better-than-expected results for the second quarter, with bookings and adjusted EPS surpassing management’s guidance. Despite the delay in the launch of GTA VI, which is a crucial driver for the stock, the raised guidance and strong performance in other areas such as NBA and mobile gaming present a compelling investment opportunity.
Management’s outlook for fiscal 2026 includes substantial growth in bookings and adjusted EPS, supported by robust performance in recurrent consumer spending and mobile growth. Additionally, the company is on track for record bookings in fiscal 2027, with a clear path to enhanced profitability. The anticipation surrounding GTA VI, along with advancements in mobile technology and potential benefits from app store fee developments, further bolster confidence in Take-Two’s long-term financial health and justify the Buy rating.
According to TipRanks, Schoell is a 4-star analyst with an average return of 40.3% and a 72.73% success rate. Schoell covers the Communication Services sector, focusing on stocks such as Take-Two, Electronic Arts, and Cogent Comms.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $284.00 price target.