JPMorgan reiterated its “Overweight” rating on Take-Two Interactive (NASDAQ: TTWO ) and maintained a TTWO stock price target of $310, citing strong expectations for the upcoming Grand Theft Auto 6 (GTA 6) launch
The investment bank also highlighted that Take-Two reaffirmed its fiscal 2027 net bookings guidance of $8 billion to $8.2 billion, implying annual growth of 19% to 22% also supported by unprecedented GTA 6 pre-orders.
As JPMorgan estimates, the guidance assumes approximately 34 million GTA 6 copies sold, broadly in line with the 33 million copies sold by GTA V during its first fiscal year.
GTA 6 launch and other games will drive TTWO stock price
Meanwhile, NBA 2K27 delivered the second-highest net bookings ever but fell short of management’s expectations. Take-Two attributed the miss to competition from other entertainment events, including GTA 6 . However, bookings and player engagement are expected to accelerate.
JPMorgan also maintained its expectations for Zynga, which it sees contributing approximately 34% of Take-Two’s fiscal 2027 net bookings. The mobile gaming studio continues to focus on improving its existing portfolio and launching new titles, including Top Goal , which remains in soft launch.
Following its assessment, JPMorgan raised its fiscal 2027 net bookings estimate by 1% to $8.3 billion, reflecting expectations for strong GTA 6 preload activity. Its December 2027 price target of $310 is based on a valuation multiple of approximately 29 times projected fiscal 2028 adjusted earnings per share of $10.59.
Wall Street sets Take-Two stock price target
Other Wall Street firms have also maintained bullish views on Take-Two. For instance, Oppenheimer reiterated its “Outperform” rating and $280 price target, noting that Grand Theft Auto 6 outperformed expectations.
Similarly, BTIG maintained a “Buy” rating with a $262 target, while Bank of America (BofA) Securities reiterated its “Buy” rating and $330 target, likewise highlighting strong GTA 6 pre-sales.
Jefferies also maintained a “Buy” rating and $300 price target, despite identifying a $20 million bookings shortfall, primarily attributable to weaker NBA 2K performance and declining mobile bookings.
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