TTWO Stock Recent News

Take-Two Interactive Software beat analyst estimates for earnings in its fiscal Q1, though adjusted sales were lighter than expected.

Take-Two Interactive Software reported that its bookings in the June quarter were $1.22 billion, or flat compared to $1.20 billion a year ago.

Videogame publisher Take-Two Interactive Software forecast second-quarter bookings below Wall Street expectations on Thursday, hit by sluggish spending on its popular titles such as "Grand Theft Auto" and "NBA 2K" in an uncertain economy.

Take-Two's (TTWO) fiscal first-quarter performance is expected to have been adversely impacted by dullness in recurring consumer spending despite the company's robust portfolio of video game titles.

Rockstar Games owner Take-Two Interactive Software Inc (NASDAQ:TTWO) will update this week, leaving analysts in suspense over news on the latest installation to the Grand Theft Auto series. Though unlikely, Wedbush analysts said any update on GTA VI was to be a key takeaway from the first quarter update, due after hours on Thursday, August 8.

The heavy selling pressure might have exhausted for Take-Two (TTWO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Anticipated sales for the GTA VI release in fall 2025 makes TTWO a Strong Buy; 16-month CAGR of 50%+ possible, aiming for a $40B market cap target. TTWO faces reduced fiscal 2025 forecasts, game delays, and costs but expects significant fiscal 2026 growth with a potential EPS boost of over 200%. GTA VI competes with existing titles like Cyberpunk 2077 and potential 2025 releases like Avowed, amid market hype concerns and potential "woke" content issues.

Zacks.com users have recently been watching Take-Two (TTWO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Take-Two (TTWO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.