12:28 PM EST, 11/07/2025 (MT Newswires) -- Take-Two Interactive Software ( TTWO ) has "several" opportunities for profit growth even as the video game publisher again delayed the launch of its highly-anticipated title "Grand Theft Auto VI," Wedbush Securities said Friday.

Late Thursday, the company pushed back GTA VI's release date to Nov. 19 next year from May 26. It was initially set for a launch in 2025.

The stock declined 9% in Friday trade, but is up about 25% so far this year.

"While a portion of revenue will be deferred to (fiscal 2028 given the GTA VI delay), we expect shares to rebound ultimately," Wedbush analysts including Alicia Reese said in a note. "On a positive note, a holiday launch could help amplify demand in the launch quarter."

Take-Two on Thursday narrowed its fiscal second-quarter loss year over year as net bookings surged 33% to $1.96 billion, above the FactSet-polled consensus of $1.73 billion.

Take-Two's results were driven by strong performance of titles like "NBA 2K26" and "Mafia: The Old Country," along with significant growth in mobile games "Toon Blast," "Match Factory" and "Color Block Jam," according to the Wedbush note.

"The company has several levers to pull to drive profits well above our estimates, including (a) higher price point for GTA VI, the integration of the game into GTA Online, and significant margin expansion from its first-party web store," Reese wrote. "These factors collectively underscore the premium multiple."

The company now expects a net loss of $1.90 to $2.25 per share for fiscal 2026, compared with its previous guidance for a loss of $2.05 to $2.40. Net bookings are pegged at $6.4 billion to $6.5 billion, up from the prior estimate of $6.05 billion to $6.15 billion. Analysts currently expect a loss of $1.94 per share and bookings of $6.37 billion.

The brokerage raised its price target on the stock to $300 from $290 and reiterated its outperform rating.

"Our estimates remained essentially unchanged on a two-year stacked basis apart from our expectation of increased mobile net bookings in (fiscal 2027 and 2028)," Reese wrote. "On balance, we believe our estimates will prove conservative given the various levers Take-Two can pull to accelerate growth."

Price: 230.17, Change: -22.23, Percent Change: -8.81