TTWO - Analysts Remain Bullish on Take-Two Interactive Despite GTA VI Delay Anticipate Strong Long-Term Growth | Benzinga
Take-Two Interactive Software, Inc (NASDAQ:TTWO) released fourth-quarter financial results, where it gave an initial outlook for fiscal 2025, including net Bookings of $5.55 billion to $5.65 billion.
The following are the reactions of different analysts on the company’s earnings.
Stifel – Reiterates Buy, price target of $175.00
Analyst Drew E. Crum said the company reported FY4Q results that came in ahead of expectations, ending FY2024 on a high note, albeit for a year that annual guidance was lowered twice.
But, for the analyst, the more momentous announcement was a “Fall CY2025” (FY2Q26-3Q26) launch window for GTA VI, and thus a reduced view on FY2025 in terms of company guidance.
The analyst noted “kicking the can down the road” another year as it relates to Take-Two’s development pipeline, is frustrating for investors.
But, the analyst said the scenario was largely anticipated, and having more precision around the release date for GTA VI should help the shares.
Wedbush – Reiterates Outperform, price target of $190.00
Analyst Nick McKay has taken ...