Analysts Remain Bullish on Take-Two Interactive Despite GTA VI Delay, Anticipate Strong Long-Term Growth

Take-Two Interactive Software, Inc 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 down FY25 estimates to reflect the topline guidance cut and a full view of the year for the first time.

The analyst is modestly above the high ends of the guidance ranges to incorporate a modest contribution from Gearbox, with that deal expected to close soon.

The analyst is encouraged by the firm window for GTA VI, and expect the shares to react positively once gamers and investors alike learn additional details about the title, through features at game shows or additional trailers.

Benchmark – Reiterates Buy, price target of $200.00

Analyst Mike Hickey said the company reported better-than-expected fiscal Q4 results but reduced its fiscal 2025 guidance due to the release window for Grand Theft Auto 6 shifting to fall 2025.

Take-Two “kitchen-sinked” their fiscal 2025 guidance, and the analyst sees very low downside risk to this guidance. 

The analyst expects fiscal 2027 net bookings growth to be driven by continued sales strength from GTA 6 and a potential PC SKU, the launch of GTA Online 2, the continued recovery of mobile, and additional frontline releases.

With the guidance risk now realized, the setup for the company’s step-up growth opportunity is much cleaner, noted the analyst.

Roth MKM – Reiterates Buy, lowers price target from $185 to $180

Analyst Eric Handler said having better clarity towards the GTA VI release should be seen as a clearing event.

The analyst remains positive towards Take-Two’s multi-year growth trajectory, even with GTA VI getting pushed into FY26.

FY25 will see a significant increase in new game releases marking the inflection point for what is seen as a very deep, multi-year game pipeline, opined the analyst.

The analyst noted that the company’s restructuring plan is anticipated to produce $165 million of annual cost savings.

Price Action: TTWO shares are trading higher by 0.94% at $147.46 at the last check Friday.

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