Take-Two Interactive (TTWO) PT Raised to $275 at Benchmark
Benchmark analyst Mike Hickey raised the price target on Take-Two Interactive (NASDAQ: TTWO) to $275.00 (from $250.00) while maintaining a Buy rating.
The analyst commented, "Take-Two delivered a strong Q1 FY26, exceeding expectations across all major financial metrics. Net bookings reached $1.423B, well above the consensus estimate of $1.310B, while AEBITDA of $198M surpassed consensus of $128M. Adjusted EPS of $0.61 also exceeded the Street at $0.29. The outperformance was driven by robust results across mobile, sports, and core IP titles. Management raised full-year guidance across net bookings, AEBITDA, and adjusted EPS, reflecting confidence in the company’s content pipeline and execution. Despite an uncertain macro environment, Take-Two sees a stable consumer and remains focused on delivering high-quality content. Our view is that execution on the upcoming release slate, particularly Borderlands 4, NBA 2K26, and Grand Theft Auto Online updates, will be critical for sustaining momentum into FY27. Additionally, Grand Theft Auto VI, scheduled for release on May 26, 2026, is a massive upcoming catalyst that could redefine the company’s financial trajectory and elevate engagement across the franchise ecosystem."