BMO Capital lowered the firm’s price target on Take-Two (TTWO) to $236 from $240 and keeps an Outperform rating on the shares. The firm adjusted its FY26 and FY27 bookings estimates lower, resulting in a decreased price target after Take-Two announced the delay of “Grand Theft Auto VI.” BMO added that it is reiterating its Top Pick designation for the stock, as investors should use “GTA VI” delay-related pullback to add tot their positions.
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Read More on TTWO:
- ‘GTA VI’ delay ‘seemed inevitable’ for months, Bloomberg’s Schreier says
- Take-Two delay of GTA VI a ‘healthy, expected move,’ says Benchmark
- Buy Rating Maintained for Take-Two Interactive Despite GTA VI Delay, Positive Long-Term Outlook Anticipated
- Strategic Delay in GTA VI Release Reinforces Buy Rating for Take-Two Interactive
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