12:04 PM EST, 01/30/2025 (MT Newswires) -- Take-Two Interactive Software ( TTWO ) investors are looking past its fiscal 2025 results, with attention shifting to 2026 and 2027 as major titles like "Grand Theft Auto VI," "Borderlands 4," and "Mafia: The Old Country" are set for release, Wedbush said in a report Thursday.
Take-Two is scheduled to report fiscal Q3 financial results on Feb. 6. While the company is expected to report "in-line results" for fiscal Q3, investors are primarily concerned with its ability to sustain growth, following what is expected to be a blockbuster performance for Grand Theft Auto VI, Wedbush said.
The release of GTA VI's PC version and other major titles, along with Borderlands 4, is expected to drive re-orders and boost growth, Wedbush said. "Take-Two also has major titles in development to provide additional cushion," it added.
Wedbush estimates net bookings of $1.37 billion and earnings per share of $0.45 for fiscal Q3, compared with consensus estimates of about $1.4 billion and $0.58, respectively. Take-Two's guidance is for net bookings between $1.35 billion and $1.4 billion, and EPS between 50 cents and 60 cents, the report said.
Wedbush maintained an outperform rating on Take-Two Interactive Software ( TTWO ) and raised its price target to $215 from $190.
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