Piper Sandler reaffirmed an Overweight rating on Take-Two and kept its $280 price target unchanged, a level that implies nearly 20% upside from the last closing price. The firm pointed to PSC Reddit data analysis across roughly 15 major game launches, which suggests GTA VI could see over 45 million units sold at launch. Piper also said it remains positive on the stock at current levels, noting shares still trade below the 10 year FY2 EPS average while early indicators point to strong interest in the title.
Concerns that the blockbuster release could cannibalize Take-Two's mobile gaming segment were dismissed, with the firm citing separate user bases that are unlikely to materially overlap.
GTA VI Release Window
During Take-Two's May earnings call, CEO Strauss Zelnick reaffirmed that Grand Theft Auto VI remains scheduled for Nov. 19, 2026, positioned just ahead of Black Friday. The title is set to launch exclusively on consoles. Take-Two described GTA VI as one of the most anticipated entertainment releases of all time and confirmed Rockstar Games is set to begin its marketing campaign this summer.
Fiscal 2027 is expected to be a major growth year for Take-Two, driven primarily by the GTA VI launch. Take-Two CFO Lainie Goldstein said the company's initial outlook for fiscal 2027 projects net bookings between $8 billion and $8.2 billion, representing about 20% growth over fiscal 2026.
Primarily due to the launch of Grand Theft Auto VI on November 19.
Broader analyst coverage remains heavily bullish, with 28 of 29 analysts rating TTWO Buy or Strong Buy and only one Strong Sell. The 12 month average price target sits at $279.11, representing about 25% upside from the last close. TTWO has fallen 0.42% over the past 12 months.
Retail trading chatter around the stock has picked up sharply, with message volume reportedly rising 150% over the past seven days. Sentiment on the name appears to have shifted to neutral from bearish a day earlier, while the retail watcher base rose 0.2% over seven days and 1.8% over the last 30 days.
