Take-Two Interactive Software Posts Calm Q2 Ahead Of GTA VI ‘Storm’: Analyst
Take-Two shares rose after steady Q2 results; BTIG maintained Buy/$262, citing GTA VI upside and an NBA 2K spending recovery.
Stocks · News reference
GTA 6 Demand Is 'Extraordinary,' but Take-Two CEO Isn't Ready to Declare Victory
Take-Two stock gains as strong GTA 6 preorders offset an 18% bookings drop ahead of the highly anticipated Nov. 19 launch.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Take-Two Interactive Raises Full-Year Guidance Amid Strong GTA VI Preorder Momentum
Take-Two Interactive has increased its full-year revenue and earnings per share guidance following positive early demand for Grand Theft Auto VI.
BTIG Reiterates Buy on Take-Two Interactive, Maintains $262 Price Target
Take-Two: 3 Key Takeaways for Long-Term Investors
Take-Two Interactive maintained its full-year net bookings guidance of $8-$8.2 billion despite Q2 missing initial targets. The company is banking on Grand Theft Auto VI's strong preorder demand to drive growth, plans live content updates for NBA 2K27, and is expanding direct-to-consumer mobile channels to improve profit margins. Management expects operating cash flow to exceed $1 billion and achieve net cash position by fiscal year-end.
Stock Market Today: Dow Futures Rise, S&P 500 and Nasdaq 100 Futures Fall as Trump Signals Iran War to End ‘Fairly Soon’ — CRWV, TTWO, BW In Focus (UPDATED)
U.S. futures were mixed as Dow and S&P rose, Nasdaq fell. Trump cited Iran peace progress; markets see 82.2% odds of a December Fed hike.
GTA VI Launches in 10 Days, and Take-Two's Forecast Might Be Too Low. Is the Stock a Buy Before Nov. 19?
Take-Two Interactive is set to launch Grand Theft Auto VI in 10 days with unprecedented pre-orders, yet the company maintained its fiscal 2027 net bookings forecast of $8.0-$8.2 billion without raising guidance. The forecast appears conservative as it assumes minimal GTA VI sales beyond launch month, contrasting with the company's history of raising outlooks multiple times. While the stock offers a clear catalyst, it trades at a lofty valuation (275x earnings) and faces tighter cash flow heading into launch.