After Take-Two revealed teaser trailers at Gamescom for “Borderlands 4” and “Mafia: The Old Country,” with subsequent press releases confirming 2025 launches, BofA noted that the next Mafia game was already in the firm’s FY26 model, but BofA had assumed Borderlands 4 to be a FY27 title based on the view that it would unlikely be released in the same year as GTA 6. While investor focus remains on GTA 6’s launch timeline, the analyst thinks the latest title announcements showcase the potential of the rest of the FY26/27 immersive core slate of 15 titles, which is “likely underappreciated,” and the firm reiterates a Buy rating and $185 price target on Take-Two shares.
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