Take-Two headcount reduction positive for the stock, says Jefferies

Jefferies believes Take-Two Interactive’s 5% headcount reduction and cancellation of several titles is a positive for the stock as the moves should drive better margins in FY26 post the GTA VI launch. The FY25 guidance and GTA VI are “likely to remain front-of-mind” into fiscal Q4 results, added the analyst, who has a Buy rating and $195 price target on Take-Two shares.