(Updated to include Wedbush's commentary)
Wedbush raised Take-Two Interactive Software's (TTWO) price target to $269 from $253 following the company's Q4 results, which came in at the high end of guidance. The strong performance was driven by a robust release slate, solid back catalog sales, live services growth, and continued mobile momentum.
While the company announced a delay in the launch of Grand Theft Auto VI from fall 2025 to May 26, 2026-leading to initial 2026 guidance that fell well below consensus-the brokerage reiterated its Outperform rating.
The brokerage argues that a premium valuation is justified given several profit drivers, including the higher price point for GTA VI, integration with GTA Online, and enhanced margins through its first-party web store.
Take-Two Interactive Software has an average rating of overweight and mean price target of $237.06, according to analysts polled by FactSet.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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