Take-Two shares level up on strong game demand, GTA VI launch
08/08/2025 10:32
** Shares of Take-Two Interactive TTWO.O up about 4.6% at $236.9 in premarket trading
** FY26 bookings outlook raised on Thursday after market close to $6.05–$6.15 bln; adj. EPS to $2.60–$2.85
** Robust demand for its 'Mafia' and 'Borderlands' titles drives upgrade
** Reaffirms May 2026 launch date of GTA VI game, expected to generate billions within weeks of release
** J.P.Morgan says TTWO upgrade may be conservative, expects further GTA VI launch
** JPM maintains "overweight" rating; raises PT to $275 from $250, second highest on street
** Average rating from 32 analysts on TTWO is "buy," with a median PT of $260 - LSEG data
** Till last close, TTWO up about 23% YTD vs Nasdaq's .IXIC ~10% rise
(Reporting by Rashika Singh in Bengaluru)
((Rashika.Singh@thomsonreuters.com;))