Take-Two Interactive (TTWO) shares rose 13% ahead of the announcement of second-quarter earnings and the launch of GTA VI. Take-Two Interactive (TTWO) shares increased 13% last week ahead of today’s second-quarter earnings release. GTA VI is scheduled for release on November 19, with analyst price targets ranging from $262 to $330. Take-Two Interactive (TTWO) shares closed Friday’s trading session at $214.87, up 0.7% from the day’s opening. The stock rose 13% last week—the strongest weekly gain in nearly five months. Investors are closely monitoring the company’s second-quarter financial report, expected to be released after market close on Monday, November 9. In overnight trading, shares rose slightly 1.3% to approximately $217.66. Grand Theft Auto VI will launch on November 19, just ten days after the announcement. Investors are anticipating further details and potentially pre-order numbers. Pre-orders began on June 25. In August, Take-Two reported “unprecedented” demand but maintained its fiscal year 2027 revenue forecast at $8 billion to $8.2 billion. The game will launch on PlayStation 5 and Xbox Series X|S. Its predecessor, GTA V, has sold over 230 million copies since 2013. What is Wall Street expecting from this report? Analysts forecast revenue of $1.66 billion, down from $1.96 billion in the same period last year. Take-Two’s own guidance for Q3 is $1.62 billion to $1.67 billion, below the market’s estimate at the time. Profit metrics vary by data provider. Benzinga reports a loss of 86 cents per share compared to a loss of 73 cents in the same period last year, while Koyfin and GuruFocus estimate adjusted earnings of approximately $0.97 to $0.98 per share. The company has struggled to exceed earnings per share (EPS) estimates over the past year. According to GuruFocus, it met revenue expectations in only half of the past several years. Valuation metrics are also under scrutiny. The price-to-sales ratio stands at 5.95, above its historical average of approximately 5.3. The trailing twelve-month EPS is negative at -$1.73, rendering the P/E ratio inapplicable. GuruFocus values the stock at approximately $238. Analyst Price Target Ranges: Macquarie initiated coverage on November 6 with an “Outperform” rating and a $300 price target—implying roughly 40% upside from the most recent closing price. On October 27, Bank of America lowered its price target to $330 from $368 but maintained its “Buy” rating. BTIG lowered its price target to $262 from $313 on November 4 due to weaker mobile data and lower NBA 2K sales forecasts; it also maintained its “Buy” rating. Freedom Capital Markets issued a “Buy” recommendation with a $293 price target. Roth Capital raised its price target to $300 from $295 in August. Insiders have sold approximately $165.1 million in shares over the past year, with no reported purchases. Of the eight tracked funds holding this stock, four increased their positions while four reduced them. By Michelle DG
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