Take-Two Interactive Software notched a record high on Thursday. Take-Two stock has been rising in anticipation of the video game publisher's next big title.
On the stock market today, TTWO stock climbed 4.4% to close at 222.69. Earlier in the session, it hit an all-time high of 224.43.
Potential catalysts for TTWO stock include the company's fiscal fourth-quarter earnings report on May 15 and the release later this year of "Grand Theft Auto 6," the latest game in its hit series.
On Thursday, BMO Capital Markets analyst Brian Pitz reiterated his buy rating on TTWO stock with a price target of 240.
"We believe Take-Two remains the best-positioned publisher, supported by the most attractive pipeline in the entire interactive entertainment industry, as its mobile portfolio stabilizes," Pitz said in a client note. "We see a reconfirmation of 'GTA 6' for fall 2025 as the most critical component of earnings, which likely leads to a wide fiscal '26 guidance range."
Pitz said his Street-high bookings estimate of $9.24 billion for fiscal 2026 could prove conservative if Take-Two prices "GTA 6" above $70.
Nintendo's decision to price its upcoming "Mario Kart World" game at $80 makes it "increasingly realistic" that Take-Two could sell "GTA 6" for $100, Pitz said.
Pitz predicted a release date of Oct. 31 for "Grand Theft Auto 6." He also forecast that Take-Two will sell 45 million units of the game in its launch window.
On Monday, TD Cowen analyst Doug Creutz maintained his buy rating on TTWO stock with a price target of 211.
Last week, Benchmark analyst Mike Hickey said Take-Two investors are getting nervous about a possible delay for "GTA 6."
"It's now been 500 days since (Take-Two studio) Rockstar Games released the first 'GTA 6' trailer, with no second trailer or updated launch details since," Hickey said in an April 17 report. "The prolonged marketing silence continues to fuel speculation around a potential delay, though Rockstar and Take-Two still officially target a fall 2025 release."
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