11:54 AM EST, 11/07/2025 (MT Newswires) -- Take-Two Interactive Software's ( TTWO ) delay of its Grand Theft Auto VI launch will shift a portion of revenue into fiscal 2028, Wedbush Securities said in a Friday note.

Take-Two said in its earnings release Thursday that GTA VI is scheduled to launch on Nov. 19, 2026. Wedbush noted that this represents a shift from the previously expected May 2026 timeframe.

"Take-Two must get this game right; large bugs or imperfections could cause a dip in initial sales and long-term ill will," the brokerage said, adding that a holiday launch could help amplify demand.

To reflect the new release timing, Wedbush lowered its fiscal 2027 EPS estimate to $7.19 from $8.77, and raised its fiscal 2028 estimate to $12.04 from $10.82.

The firm raised its price target on the company's stock to $300 from $290, and reiterated its outperform rating.

Shares of the company were down 8.5% in recent trading.

Price: 231.04, Change: -21.36, Percent Change: -8.46