Raymond James analysts upgraded Take-Two Interactive Software (NASDAQ:TTWO) to Outperform from Market Perform and set a price target of $170 per share. This optimism for the future (particularly fiscal 2025 and beyond) arises from a few key points: anticipation of details emerging soon about “Grand Theft Auto 6,” which is expected to clear up current financial uncertainties; a growing confidence in the stable and sustainable release of products from the ex-Rockstar portfolio; and a belief in a reasonable company valuation, assuming a higher earnings baseline following the release of GTA 6.
The analysts foresee a brighter near- and medium-term future for the company, supported by a more consistent release strategy and strong potential opportunities in the pipeline.