B Riley initiates coverage of Take-Two Interactive with 'buy' on GTA VI optimism
Brokerage B Riley initiates coverage of videogame publisher Take-Two Interactive TTWO.O with "buy" and PT of $300, implying a premium of ~21% to TTWO's last close
Stance is centered around the planned November 2026 debut for Grand Theft Auto VI (GTA VI), which might be the largest entertainment launch in history, serving as an event-driven catalyst for stock - B Riley
Brokerage views TTWO's FY27 - FY28 front line schedule to be satisfactory, with greater enthusiasm for annual NBA 2K launches, new IP such as "Judas," and select mobile titles
B Riley forecasts FY27 and FY28 non-GAAP EPS of $7.55 and $9.50, respectively; believes if accurate, these would eclipse FY21 peak of $6.94
TTWO marginally down in early trading
26 of 30 analysts covering the stock recommend a rating of "buy" or higher, while others recommend "hold"; stock has a median PT of $280 - LSEG-compiled data
Up to last close, TTWO had gained ~35% YTD
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