11:44 AM EDT, 04/23/2024 (MT Newswires) -- Take-Two Interactive Software's ( TTWO ) fiscal 2025 guidance is expected to be the main focus among investors, Oppenheimer said in a note Tuesday.

The company is scheduled to report its fiscal Q4 and fiscal 2024 results on May 16.

Analysts, including Martin Yan, said that investors with a shorter time horizon will focus on whether the company's management will reset expectations with another cut to FY25 guidance.

The analysts said that they don't think it will happen as the company is still at least three quarters away from Grand Theft Auto 6. The game publisher is expected to guide fiscal 2025 bookings in line with soft guidance as of February, with an updated title release schedule, they added.

"We believe most short-term investors are either sidelined or taking a negative view on [Take-Two] into [fiscal Q4] earnings," the analysts said. "This is due to potential changes in the FY25 slate."

"The timing of GTA 6's release could lead to lower FY25 bookings guidance, but it is likely too early for the management to provide a narrower release window or reduce FY25 guidance on fiscal Q4 earnings," according to the note.

The analysts said they don't expect the management to revise FY25 guidance and if there is an FY25 guide down, they would be "aggressive buyers."

Oppenheimer kept its outperform rating on the stock, with a price target of $185.

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