Take-Two rises as BofA sees stronger 'GTA VI' online spending
23/06/2026 14:21
BUZZ-Take-Two rises as BofA sees stronger 'GTA VI' online spending ** Shares of videogame publisher Take-Two Interactive TTWO.O rise ~1% to $241.9 premarket
** BofA raises PT to $368 from $320, implying about 54% upside to stock's last close
** Brokerage lifts FY28 "GTA Online" bookings forecast by about $900 mln to $2.2 bln
** "We think the next GTAO (GTA Online) should monetize at least as well as 'Fortnite' because its 'pay-to-progress' model should incentivize higher average player spend than 'Fortnite's' purely cosmetic model," says BofA
** 30 of 32 brokerages rate stock "buy" or higher, two "hold"; median PT is $280 - LSEG data
** Up to last close, stock down about 7% YTD
(Reporting by Anzar Mehraj in Bengaluru)