Take-Two Interactive shares fall on conservative outlook, Wedbush bullish on GTA VI timeline confirmation Take-Two Interactive Software Inc (NASDAQ:TTWO)’s quarterly results were viewed positively by Wedbush analysts, who pointed to broad-based portfolio strength and reaffirmed…
nfidence in the company’s outlook despite a softer-than-expected fiscal 2027 bookings guide. Investors weren’t so upbeat, sending shares of Take-Two down more than 4% to about $228 on Friday morning
Wedbush highlighted improving visibility around Grand Theft Auto VI’s release timeline, alongside steady momentum in recurring consumer spending. “Take-Two beat Q4 2026 expectations and reaffirmed that GTA VI is on track for its November 19, 2026, release,” wrote Wedbush analysts. “Early financial year 2027 guidance came in below expectations, but appears overly conservative.” While the fiscal 2027 outlook fell short of consensus, Wedbush said it views the guidance as consistent with the company’s typical approach ahead of major releases. “Financial year 2027 initial guide of $8 billion to $8.2 billion (up 20% year-over-year) was below our prior $9.4 billion estimate and $9.3 billion consensus, which we view as intentional conservatism consistent with Take-Two’s historical floor-guidance pattern in major launch years,” they wrote. The analysts said they trimmed some estimates but maintained a constructive stance on the underlying business mix and engagement trends across franchises. “We lowered our estimates to reflect lower Mobile expectations on tough comps and maturing titles and lower back-catalog sales around the GTA VI launch,” they wrote. “That said, we remain highly optimistic as Take-Two’s portfolio performs well across categories.” Wedbush reiterated its ‘Outperform’ rating, Best Ideas List inclusion, and $300 price target on Take-Two. On valuation, they argued the stock does not yet reflect the scale of the upcoming GTA VI release or the contribution from recurring revenue streams….