Analyst Mike Hickey from Benchmark Co. reiterated a Buy rating on Take-Two (TTWO – Research Report) and increased the price target to $250.00 from $225.00.
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Mike Hickey has given his Buy rating due to a combination of factors that highlight Take-Two’s strong performance and future potential. The company concluded fiscal 2025 with impressive results, driven by its core franchises and mobile offerings, notably with NBA 2K25’s sales and the growth in recurrent consumer spending. The anticipation for Grand Theft Auto VI is significant, with its trailer achieving record-breaking views, indicating strong future engagement and profitability upon its release in fiscal 2027.
Take-Two’s strategic initiatives further bolster its position, including a robust content pipeline and expansion into new platforms like the Switch 2. The company’s competitive edge is evident in its performance across console, PC, and mobile markets, with strong sales and engagement metrics in its NBA 2K franchise and successful mobile titles. The guidance for fiscal 2026 suggests continued growth, supported by a diverse slate of upcoming releases and increased marketing investments, reinforcing the Buy rating with a price target of $250.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $250.00 price target.