Buy Rating for Take-Two Interactive: Strong Financial Performance and Promising Game Pipeline Drive Positive Outlook

In a report released today, Sachin Mittal from DBS maintained a Buy rating on Take-Two (TTWO – Research Report), with a price target of $237.00.

Sachin Mittal has given his Buy rating due to a combination of factors, including Take-Two Interactive’s strong financial performance and promising future prospects. The company reported a significant increase in adjusted net profit, exceeding market expectations due to lower-than-anticipated net interest expenses. Additionally, Take-Two’s net bookings were in line with projections, and management anticipates further growth in the coming fiscal year.
Another key reason for the Buy rating is Take-Two’s robust pipeline of upcoming game releases, which includes highly anticipated titles like Grand Theft Auto VI and NBA 2K25. This strong lineup is expected to drive sustainable revenue growth and earnings. Furthermore, the company’s strategic acquisitions of development studios aim to expand its market reach and enhance revenue growth through increased franchise offerings and international expansion. The target price for Take-Two’s stock has been set at USD 237, reflecting a positive outlook on its revenue and EBITDA growth potential.

In another report released today, Roth MKM also maintained a Buy rating on the stock with a $265.00 price target.