Take-Two Interactive is a favorite of Citi analysts. Analyst Jason Bazinet reiterated its buy rating on the video game publisher and named the stock its top media pick. He also lifted his price target by $25 to $225, which implies 21.4% upside for the stock. “We continue to find Take-Two compelling at prevailing levels based on: 1) robust sales of GTA VI and 2) a robust pipeline of other IP following GTA VI,” Bazinet wrote in a Tuesday note to clients. “In addition, we are elevating TTWO to our top pick within our coverage universe, as we view the risk-reward compelling at prevailing levels.” TTWO YTD mountain TTWO stock performance this year. Bazinet is enthused by Take-Two’s strong product release plans and balance sheet. The analyst said he expects Take-Two to hit record levels of net bookings in both fiscal 2026 and fiscal 2027 as fueled by the company’s robust slate of upcoming product launches, particularly the highly anticipated “Grand Theft Auto VI” slated to release in the fall of calendar year 2025. The game has been in development for over a decade. ‘Grand Theft Auto V’, released in 2013, received acclaim from critics and players. Take-Two is also planning for seven immersive game releases in fiscal 2025, with less than a third of those titles being announced so far, and 22 such titles on deck for fiscal 2027, he noted, calling it the “most ambitious development pipeline” in the company’s history. “As incremental details about TTWO’s pipeline become available (title, release date, trailers, units sold, gameplay), we believe this may act as a positive catalyst,” Bazinet said. The analyst also noted that Take-Two’s software development costs and licensing asset, a proxy for investment in the firm’s pipeline, is currently at a record level of $1.7 billion. The stock is well liked by analysts broadly. LSEG data shows that 25 of 30 analysts covering it have a buy or strong buy rating on the video game maker.
Citi calls Take-Two Interactive a top pick thanks to upcoming ‘Grand Theft Auto VI’ video game