Analyst Doug Creutz from TD Cowen reiterated a Buy rating on Take-Two and keeping the price target at $284.00.
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Doug Creutz has given his Buy rating due to a combination of factors that highlight Take-Two’s strong position in the video game industry. The company is recognized as a leading operator with a robust track record, supported by its talented development teams, valuable intellectual property, and effective management. A significant catalyst for Take-Two is the anticipated release of Grand Theft Auto VI in November 2026, which is expected to drive substantial growth in net bookings and enhance the company’s financial performance.
Moreover, Doug Creutz points out that Take-Two’s ongoing success with its mobile games and the NBA 2K franchise continues to be a key driver of value. The analyst also emphasizes the trend of major gaming franchises expanding their market share, with Grand Theft Auto poised to be a major beneficiary. This, coupled with the projected high returns on capital and above-GDP growth for the video gaming industry, underpins the Buy rating. The price target of $284 reflects these growth prospects and the premium valuation deserved by video game stocks due to their attractive margins and long-term growth potential.
Creutz covers the Communication Services sector, focusing on stocks such as Take-Two, Electronic Arts, and Live Nation Entertainment. According to TipRanks, Creutz has an average return of 14.7% and a 61.75% success rate on recommended stocks.
In another report released on November 13, Citi also maintained a Buy rating on the stock with a $270.00 price target.