Take-Two Interactive heads into its fiscal second-quarter report with Wall Street split down the middle on valuation — even as the sell side remains almost uniformly bullish on the stock itself. Macquarie opened coverage of the video game publisher on Friday at Outperform with a $300 price target, citing the growth it expects Grand Theft Auto VI to deliver. Hours earlier, Roth Capital had trimmed its own target on the same shares from $300 to $272, leaving the two houses pulling in opposite directions on the same day.
The pair join a cluster of recent revisions that tell a similar story of conviction intact but numbers coming down. BTIG cut its target to $262 from $313 on Wednesday while keeping its Buy rating — a lower mark, not a downgrade. Wedbush had already moved on November 2, shaving its target to $280 from $300 and holding its Outperform rating, pointing to a revised earnings forecast. Wedbush also kept Take-Two on its list of top investment ideas despite the reduction. All told, the confirmed positive ratings now carry targets spanning $262 to $290.
Why the Targets Are Moving
The Wednesday cut was tied to softer mobile gaming data and reduced projections for NBA 2K, according to the house behind it. The November 2 confirmation of an Overweight rating rested on something else entirely: survey work on consumer appetite for Grand Theft Auto VI. That poll of roughly 9,000 teenagers, reported on November 2, found that 70% of next-generation console owners intend to buy the game. Of those, 55% said they would pick it up at launch, with a further 15% planning to buy a few months later. The figures describe purchase intent, not sales reported by Take-Two — a distinction worth keeping in mind as the numbers circulate.
Zelnick Unbowed
Chief executive Strauss Zelnick used Friday to defend the decision to push back Grand Theft Auto VI, telling media outlets he has no regrets and flagging the risks of shipping a game before it is finished. His comments landed just ahead of the quarterly release, a timing that put the launch strategy squarely in front of investors on results day.
Should investors sell immediately? Or is it worth buying Take-Two Interactive?
The stock responded modestly, gaining 1.5% on Friday to €193.10.
The Numbers Land After the Bell
Take-Two will publish results for the second quarter of fiscal 2027 after the market closes today, a date the company confirmed on October 13. The reporting period ended September 30. Management will host a conference call at 4:30 p.m. Eastern Time, according to company guidance.
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