6 Take-Two Analysts Address GTA VI Prospects After Q3 Earnings: 'Rockstar Commits To 2025 Launch'
Portfolio Pulse from Franca Quarneti
Take-Two Interactive Software Inc. (NASDAQ:TTWO) shares fell after a lowered FY25 bookings outlook in its Q3 earnings report. Analysts from Oppenheimer, Goldman Sachs, Stifel, Wedbush, Baird Equity Research, and Roth Capital Partners provided their insights, maintaining positive ratings but adjusting price targets due to the revised outlook and the anticipated 2025 launch of GTA VI. The company is implementing a cost reduction program and has adjusted its FY25 bookings target to over $7B. Analysts highlighted Take-Two's strong product pipeline and the potential success of GTA VI, despite the short-term challenges.
February 09, 2024 | 8:22 pm
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Take-Two Interactive Software Inc. faces a short-term negative impact due to a lowered FY25 bookings outlook, despite maintaining positive ratings from analysts and high expectations for GTA VI's 2025 launch.
The lowered FY25 bookings outlook directly impacts investor sentiment and stock performance in the short term. However, analysts' continued positive ratings and the anticipation for GTA VI's launch in 2025 suggest potential for recovery. The company's cost reduction program and strong product pipeline, including GTA VI, are expected to contribute to long-term growth, but the immediate reaction to the earnings report and bookings outlook adjustment has been negative.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100