Take-Two Interactive Software (TTWO) investors are looking past its fiscal 2025 results, with attention shifting to 2026 and 2027 as major titles like "Grand Theft Auto VI," "Borderlands 4," and "Mafia: The Old Country" are set for release, Wedbush said in a report Thursday.
Take-Two is scheduled to report fiscal Q3 financial results on Feb. 6. While the company is expected to report "in-line results" for fiscal Q3, investors are primarily concerned with its ability to sustain growth, following what is expected to be a blockbuster performance for Grand Theft Auto VI, Wedbush said.
The release of GTA VI's PC version and other major titles, along with Borderlands 4, is expected to drive re-orders and boost growth, Wedbush said. "Take-Two also has major titles in development to provide additional cushion," it added.
Wedbush estimates net bookings of $1.37 billion and earnings per share of $0.45 for fiscal Q3, compared with consensus estimates of about $1.4 billion and $0.58, respectively. Take-Two's guidance is for net bookings between $1.35 billion and $1.4 billion, and EPS between 50 cents and 60 cents, the report said.
Wedbush maintained an outperform rating on Take-Two Interactive Software and raised its price target to $215 from $190.
Price: 191.56, Change: +1.47, Percent Change: +0.77
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