TTWO - 6 Take-Two Analysts Address GTA VI Prospects After Q3 Earnings: 'Rockstar Commits To 2025 Launch' | Benzinga
Take-Two Interactive Software Inc.'s (NASDAQ: TTWO) shares dropped due to a lowered FY25 bookings outlook associated with release timing in its Q3 earnings report.
Here are some key analyst takeaways from the earnings release.
- Oppenheimer analyst Martin Yang maintained an outperform rating for Take-Two.
- Goldman Sachs analyst Eric Sheridan maintained a Buy rating.
- Stifel analyst Drew E. Crum maintained a BUY rating on Take-Two shares
- Wedbush analyst Nick McKay reiterated an outperform rating on Take-Two shares and maintained a $190 price target.
- Baird Equity Research analyst Colin Sebastian maintained an Outperform rating with a lowered price target from $175 to $173.
- Roth Capital Partners analyst Eric Handler suggested a "Buy" rating with a target price raised from $168 to $185.
See Also: Take-Two Interactive Hits 52-Week High, Fueled By GTA 6 Release Optimism, AI Integration
Oppenheimer: TTWO revised FY23 net bookings to $5,315M, down 4% from previous guidance, citing shifts in release dates and softness in mobile advertising and NBA 2K24 sales.
"The company is working on a significant cost reduction program across the entire business to enhance margin, which led to
the removal of $1B target in adj. unrestricted operating cash flow in FY27," Yang wrote. "Also, FY25 bookings target is now reduced to "over $7B", down from $8B. FY26 is still expected to grow Y/Y."
Goldman Sachs: Yang cited ...