Take-Two Interactive Software is trading in record-high territory on investor enthusiasm for its current and upcoming video games. Take-Two stock traded mostly sideways on Thursday.
Benchmark analyst Mike Hickey on Thursday reiterated his buy rating on TTWO stock and raised his price target to 300 from 275.
On the stock market today, TTWO stock traded up and down, ending the regular session off 0.9% to 259.23. On Wednesday, Take-Two shares reached an all-time high of 264.79.
Take-Two is benefiting from strong engagement for pro basketball game "NBA 2K26" and its mobile games, Hickey said in a client note. However, recent releases "Borderlands 4" and "Mafia: The Old Country" have "likely underperformed expectations," he said.
Meanwhile, the company's fiscal 2026 looks like a "transitional year" with the release of "Grand Theft Auto 6" and expected reveal of "GTA Online 2," Hickey said.
Take-Two is scheduled to report the results of its fiscal second-quarter ended Sept. 30 on Nov. 6.
Analysts polled by FactSet expect Take-Two to earn an adjusted 94 cents a share on net bookings of $1.72 billion. That would translate to year-over-year growth of 43% in earnings and 17% in net bookings.
TTWO Stock Is On Tech Leaders List
On Tuesday, BofA Securities analyst Omar Dessouky maintained his buy rating on TTWO stock and raised his price target to 295 from 285.
In a client note, Dessouky said he sees the potential for Take-Two to deliver "a sequence of beats and raises" through the rest of fiscal 2026. That's based on management's "conservative" guidance, sustained momentum in mobile games and continued traction for the NBA 2K franchise.
He also expects management to reaffirm the May 26 launch date for "GTA 6" on the fiscal Q2 call.
TTWO stock is on the IBD Tech Leaders list.
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