Bank of America Securities analyst Omar Dessouky reiterated a Buy rating on Take-Two (TTWO – Research Report) today and set a price target of $250.00.
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Omar Dessouky has given his Buy rating due to a combination of factors that highlight Take-Two Interactive’s strong potential for future growth. The company is poised to release its largest content slate in history for FY26, featuring major titles such as GTA 6, Borderlands, and Mafia. These releases are expected to capture a significant portion of gamers’ budgets, even amidst a potential economic slowdown, positioning Take-Two to outperform its peers and the broader consumer discretionary sector.
Additionally, Dessouky anticipates that Take-Two will guide conservatively for FY26, with net bookings expected to exceed $8 billion, aligning with the anticipated launch of GTA 6. The robust lineup of AAA titles provides a buffer against any potential delays in GTA 6’s release, ensuring that management can meet market expectations. Furthermore, the company’s perceived status as a ‘safe haven’ asset during economic downturns justifies a higher price objective of $250, reflecting its sustainable earnings power post-GTA 6 launch.
In another report released on April 24, BMO Capital also reiterated a Buy rating on the stock with a $240.00 price target.