TD Cowen analyst Doug Creutz emphasized the “several” part of Take-Two chairman and chief executive Strauss Zelnick’s statement that the forecast involved “several high-profile, long-awaited titles in our pipeline,” and called the anticipation “tremendous.” Rockstar Games confirmed last year “that active development for the next entry in the ‘Grand Theft Auto’ series is well under way.”
And with executives quoting $8 billion in net bookings out to fiscal 2026, that means “this growth is more than one specific title,” the Jefferies analyst said.įull earnings coverage: Take-Two stock soars as outlook suggests ‘Grand Theft Auto VI’ is a little more than a year away The large immersive core titles we’ve been waiting on since the company started its investment cycle in 2018 are finally expected to be released in ,” Uerkwitz said.
“In a rare move, Take-Two gave 2-year forward guidance with year-3 color. Jefferies analyst Andrew Uerkwitz, who has a buy rating and $165 price target on Take-Two, called the guidance “groundbreaking” Thursday. Take-Two, however, all but confirmed late Wednesday a sixth installment of “Grand Theft Auto” coming out next year, along with this year’s poor guidance, allowing “bulls to dream,” as McKay had said. Wedbush analyst Nick McKay pretty much called it earlier this week, noting that if Take-Two lowballed the outlook for the year - as he expected - without mentioning any big titles coming out, then shares would be under pressure. Take-Two - which publishes such videogame franchises as “Grand Theft Auto” and “Red Dead Redemption” under its Rockstar Games label, and “Borderlands” and “NBA2K” under its 2K label - on Wednesday offered a disappointing forecast for the fiscal year that just began, but pointed to the next fiscal year as the launch point for “several groundbreaking titles.” That is expected to include “Grand Theft Auto VI,” the sequel to the most successful videogame of all time that gamers and investors have been anxious to see. Take-Two shares are up 34.1% year to date, while the S&P 500 is up 9.3%, and the Nasdaq Composite Index Take-Two’s stock also led gainers on the S&P 500 index
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