EarningsTake-Two enters fiscal 2Q26 with solid momentum following a strong Q1 and raised full-year guidance.
Future GrowthThe release of GTA VI and the ramp of GTA Online 2 are expected to establish a new baseline of profitability, causing shares to trade meaningfully higher.
Product LaunchNBA 2K26 debuted as the #1 console seller in the U.S. for August 2025, contributing to a 21% rise in software sales.
ValuationRaising the price target to $300 reflects improved visibility into the GTA VI super cycle, expanding live-service monetization through GTA Online 2, and sustained earnings durability.