Take-Two Interactive Software (TTWO) remains poised for long-term profit growth despite delaying the release of "Grand Theft Auto VI," Wedbush said Friday in a report.

The postponement of the game's release to May 2026 from this autumn sent guidance for fiscal year 2026 below consensus estimates, which "is sure to disappoint some investors," the report said.

Wedbush still kept its outperform rating on Take-Two stock and raised its price target to $269 from $253, linked to its fiscal year 2028 EPS estimate of $10.75.

"The company has many levers to pull to drive profits well above our estimates, including the higher price point for GTA VI, integration of the game into GTA Online, and significant margin expansion from its first-party web store," Wedbush said.

"We believe investors will ultimately appreciate the excess free cash flow generation opportunity as already-spent game development costs are amortized," the report said.

Take-Two shares fell 0.6% in recent Friday trading.

Price: 231.00, Change: -1.34, Percent Change: -0.58