Roth Capital raised the firm’s price target on Take-Two (TTWO) to $295 from $265 and keeps a Buy rating on the shares. The company’s FY26 remains a transition year ahead of the long awaited GTA 6 release next May, though a reinvigorated NBA 2K franchise and steady mobile growth are driving its near-term upside and represent solid building blocks for raising the long-term floor of the business, the analyst tells investors in a research note. Much greater attention is being placed on a sizable earnings step-up over the next 2-3 years, but Roth does not foresee any GTA updates for another 3-4 months, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTWO:
- Take-Two price target raised to $300 from $275 at Benchmark
- Take-Two Interactive Poised for Growth: Buy Rating Backed by Strong Future Performance and Anticipated GTA VI Release
- Game On: U.S. game spending jumps 11% in August, says Circana
- Take-Two price target raised to $295 from $285 at BofA
- Buy Rating on Take-Two Interactive: Anticipated Earnings Growth and GTA 6 Launch Drive Positive Outlook