Take-Two Interactive (TTWO) PT Raised to $191 at Stifel

Stifel analyst Drew E. Crum raised the price target on Take-Two Interactive (NASDAQ: TTWO) to $191.00 (from $175.00) while maintaining a Buy rating.

The analyst commented: "From Gamescom in mid-August, the company announced both Borderlands 4 and Mafia: The Old Country will be released in CY2025, or during Take-Two's FY2026 (April '25-December '25), while Sid Meier's Civilization VII was dated for a February 11, 2025 launch (FY4Q25). Overall, we're positive on these developments as they provide greater visibility on the slate, which is foundational to our investment thesis on TTWO shares. We have updated our estimates in order to better reflect the launch timing for the aforementioned games. For FY2026, we forecast non-GAAP EPS at $7.82 (vs. $7.12 previously) on net bookings of $8.381 billion (+49%; vs. $7.907 billion previously), which now includes Borderlands 4 ($305 million contribution to net bookings; FY3Q26 launch window) and Mafia: The Old Country ($169 million; FY1Q26), both of which we had previously modeled as part of FY2027...this positions us above consensus at $7.69 and $8.100 billion, respectively. Our new figures for FY2027 are non-GAAP EPS of $8.07 (vs. $8.01 previously) on net bookings of $8.236 billion (-2%; vs. $8.276 billion previously), positioning us below consensus at $9.15 and $8.278 billion, respectively. Raising TP to $191/share (vs. $175/share previously), which suggests 20%+ upside potential vs. Wednesday's close."

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