Take-Two price target raised to $320 from $305 at BofA

BofA raised the firm’s price target on Take-Two (TTWO) to $320 from $305 and keeps a Buy rating on the shares after having attended the IICON Video Game Conference in Las Vegas. What the firm heard leads it to believe GTA 6 will cost $80, rather than its previously assumed $70 per unit, reports the analyst, who now forecasts $3.44B and $2.76B for GTA 6 in FY27 and FY28 versus $3.21B and $2.63B forecast previously on unchanged respective unit forecasts of 45M and 26M.