Take-Two Interactive Software, Inc.

(NASDAQ Global Select)
Back to all articles
Somewhat Bearish -25

BofA cuts Take-Two Interactive stock target to USD 330

Analyst downgrade Content release AI-generated analysis

📉 Bank of America cut its price target for Take-Two Interactive to USD 330 from USD 368 on October 28, 2026.

🔒 The analyst retained a Buy rating but warned that earnings might weaken after the initial Grand Theft Auto VI sales surge.

💰 Take-Two reported fiscal Q1 2027 revenue of USD 1.53 billion, up 2% year over year.

⚠️ Despite revenue growth, the company recorded a net loss of USD 34.1 million for the quarter ended June 30, 2026.

🎮 Grand Theft Auto VI is scheduled to launch on November 19, 2026, following the Q2 earnings report on November 9.

📈 The stock was trading at EUR 177.55 with a market cap of USD 36.5 billion as of late October 2026.

📅 Investors face a narrow window to assess bookings and spending discipline before the major game release.

Bullish Signals
  • Take-Two reported fiscal first-quarter 2027 revenue of USD 1.53 billion, marking a 2% year-over-year increase.
  • Bank of America retained its Buy rating on Take-Two Interactive despite lowering the price target.
Risk Factors
  • Bank of America lowered its price target to USD 330 citing concerns that earnings could weaken after the initial Grand Theft Auto VI sales surge.
  • Take-Two posted a net loss of USD 34.1 million for fiscal Q1 2027 despite revenue growth.
Full Analysis
Bank of America lowered its price target for Take-Two Interactive (TTWO) to USD 330 from USD 368 on October 28, 2026, while retaining a Buy rating. The analyst expressed concern that earnings could weaken following the initial sales surge expected from the upcoming Grand Theft Auto VI launch, scheduled for November 19, 2026. Take-Two reported fiscal first-quarter 2027 revenue of USD 1.53 billion, representing a 2% year-over-year increase. Despite this revenue growth, the company posted a net loss of USD 34.1 million for the quarter ended June 30, 2026. The stock was trading at EUR 177.55 on October 29, 2026, with a market capitalization of approximately USD 36.5 billion. The company is preparing for its fiscal second-quarter results report on November 9, 2026, which will cover the period ending September 30, 2026. This reporting window occurs just six days before the anticipated release of Grand Theft Auto VI, creating a critical test for investor sentiment regarding booking strength and spending discipline ahead of the major product launch.