Rothschild & Co Redburn analyst Hamilton Faber raised the firm’s price target on Take-Two (TTWO) to $260 from $227 and keeps a Buy rating on the shares. Grand Theft Auto VI is now just nine months away, notes the analyst, who believes that unit sales estimates, particularly for PC, remain too low, while consensus does not reflect an amortization schedule consistent with GTA V. The firm’s FY27 and FY28 EPS forecasts are 6% and 18% ahead of consensus, respectively, the analyst noted.
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