UBS Maintains Buy Rating on Take-Two Interactive Amid Strong Earnings
UBS reiterates Buy on Take-Two stock, cites strong results
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UBS has reiterated a Buy rating on Take-Two Interactive (NASDAQ:TTWO) with a price target of $300, following strong fourth-quarter results that exceeded expectations. The gaming company reported $6.56 billion in revenue over the past year, with a projected increase in profitability driven by upcoming game releases, including Grand Theft Auto VI.
- 01Take-Two Interactive's fourth-quarter results showed revenue growth of 20%, exceeding expectations with bookings 2% ahead of projections.
- 02The company remains unprofitable over the past year, but analysts predict profitability for fiscal 2027, aligning with UBS's optimistic outlook.
- 03UBS has lowered its fiscal 2027 bookings projection to $8.4 billion, down from a previous estimate of $9.0 billion.
- 04Take-Two confirmed the launch date for Grand Theft Auto VI as November 19, 2026, which is expected to significantly boost revenue.
- 05BofA Securities also maintains a Buy rating with a price target of $320, suggesting that fiscal 2027 guidance may be conservative.
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UBS has reaffirmed a Buy rating on Take-Two Interactive (NASDAQ:TTWO) with a price target of $300 following the company's robust fourth-quarter results for fiscal year 2026. The gaming giant reported $6.56 billion in revenue over the past twelve months, achieving a 20% revenue growth, although it remains unprofitable. UBS noted that adjusted operating income surpassed projections by more than 30%, and management's outlook indicates a financial inflection point. Analysts expect Take-Two to achieve profitability in fiscal 2027, driven by the anticipated release of Grand Theft Auto VI, ongoing content drops, and new platform launches. UBS has adjusted its fiscal 2027 bookings estimate to $8.4 billion, while also projecting adjusted earnings per share to increase from $4.09 last year to $6.41 in fiscal 2027 and $11.19 in fiscal 2028. Other analysts, including DA Davidson and BofA Securities, have echoed similar sentiments, emphasizing the significance of the upcoming GTA VI launch and its potential impact on future revenue.
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The anticipated profitability and revenue growth of Take-Two Interactive could lead to increased investor confidence and potentially higher stock prices, benefiting shareholders.
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