Bank of America Securities analyst Omar Dessouky has reiterated their bullish stance on TTWO stock, giving a Buy rating today.
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Omar Dessouky has given his Buy rating due to a combination of factors that highlight Take-Two’s strong performance and promising future prospects. The company reported impressive results for the fourth fiscal quarter, driven by outstanding performance in its NBA 2K franchise and robust mobile gaming growth. The NBA 2K series showed significant year-over-year growth, with enhanced player engagement and acquisition strategies contributing to this success. Additionally, the mobile segment exceeded expectations, benefiting from successful new game launches.
Looking ahead, while the fiscal year 2026 guidance might seem conservative, Dessouky believes that the anticipated release of GTA 6 in fiscal year 2027 will be a major earnings catalyst. This release is expected to establish a new earnings baseline, providing substantial growth potential. Despite the cautious outlook for fiscal year 2026, the ongoing strength of the company’s core portfolio, especially if the momentum of NBA 2K continues, supports the Buy rating. Dessouky also emphasizes the company’s earnings resilience in a challenging macroeconomic environment, which underpins the valuation and the reiterated price objective of $250.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $249.00 price target.