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 is updating its model after the company announced that its GTA VI release is pushed back to May of 2026 from the expected fall of 2025, the analyst tells investors in a research note. Investors should use the GTA VI delay-related pullback to add to positions however, the firm added.
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Read More on TTWO:
- Strategic Delay and Financial Strength Bolster Take-Two’s Long-Term Buy Rating
- Take-Two Interactive: Buy Rating Affirmed Amid GTA VI Delay and Strong Market Position
- Take-Two price target lowered to $236 from $240 at BMO Capital
- ‘GTA VI’ delay ‘seemed inevitable’ for months, Bloomberg’s Schreier says
- Take-Two delay of GTA VI a ‘healthy, expected move,’ says Benchmark