On Thursday, JP Morgan analyst Cory Carpenter highlighted its video game top picks, including Take-Two Interactive Software, Inc ( TTWO ) (Overweight rating with $225 price target), Roblox Corp ( RBLX ) (Overweight rating with $75 price target), Electronic Arts ( EA ) (Neutral rating) and Playstudios ( MYPS ) (Underweight rating).

Carpenter noted Take-Two Interactive as the top pick riding the Grand Theft Auto VI Wave, with improved NBA 2K & Zynga performance.

The analyst remarked that the strongest-ever game pipeline in 2025 (GTA VI (Fall), Borderlands 4, Mafia: The Old Country (Summer), and Civilization 7) followed years of heavy investment.

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Carpenter said GTA VI’s success likely drives estimates and multiples higher, with the potential for a higher unit price (>$70).

The analyst believes Zynga’s transition to AppLovin Corp’s MAX mediation platform could be an underappreciated tailwind.

He highlighted Color Block Jam’s early momentum and Empires & Puzzles’ stability in the mobile gaming segment.

According to the analyst, cost efficiency initiatives like Chartboost & Private Division divestitures and 5% downsizing in April 2024 should maximize leverage around core title releases.

For Electronic Arts ( EA ), Carpenter highlighted FC trends, Battlefield launch timing, and Bookings’ return to growth.

For Roblox ( RBLX ), the analyst anticipated Bookings growth of 20%+, DAUs after a fourth-quarter slowdown, and Ads/commerce ramping.

For Playstudios ( MYPS ), Carpenter focused on Sweepstakes initiatives, the New Tetris title launch, and Core game stability.

Carpenter projected fiscal 2025 revenue growth of 20% for Roblox ( RBLX ), 3% for Electronic Arts ( EA ), and 46% for Take-Two Interactive. The analyst projected a 10% decline for PlayStudios ( MYPS ) in the fiscal year.

Carpenter projected a fiscal 2025 adjusted EBITDA margin of 20% for Roblox ( RBLX ), 32% for Electronic Arts ( EA ), 23% for Take-Two Interactive, and 19% for PlayStudios ( MYPS ).

Price Actions: TTWO closed lower by 0.75% at $212.28 onThursday. RBLX down 1.42%, MYPS down 3.15%, and EA up 0.08%.

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