In a report released yesterday, Brian Pitz from BMO Capital reiterated a Buy rating on Take-Two (TTWO – Research Report), with a price target of $236.00.
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Brian Pitz has given his Buy rating due to a combination of factors that highlight Take-Two’s strong market position and future growth potential. The company’s recent fiscal quarter results exceeded expectations, with bookings surpassing consensus estimates by 2.5%, driven by the enduring success of the NBA 2K franchise, which saw significant year-over-year growth in both recurrent consumer spending and unit sales. This performance underscores the franchise’s sustained appeal and profitability, even after more than two decades in the market.
Moreover, Take-Two’s strategic pipeline is a key factor in Pitz’s positive outlook. The anticipated release of Grand Theft Auto VI in May 2026 is expected to be a major revenue driver, with projections of selling 45 million units shortly after launch. Additionally, the company’s diverse portfolio, including both core and mobile titles, positions it well for continued success. The planned release of 38 titles from FY2026 to FY2028 further strengthens its growth prospects, making Take-Two an attractive investment opportunity according to Pitz’s analysis.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $250.00 price target.
TTWO’s price has also changed moderately for the past six months – from $177.620 to $232.340, which is a 30.81% increase.