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Wire

Take-Two Interactive Releases NBA 2K27 Globally

Take-Two Interactive Software (TTWO) said Friday it launched the video game title NBA 2K27 globally on Sony's (SONY) PlayStation 5, Microsoft's (MSFT) Xbox Series X/S, Nintendo's Switch, and PC.The game is available in standard, deluxe, and limited-time editions across multiple price tiers, along with updated gameplay mechanics, expanded career modes, and multiplayer options, the company said.The PC version comes with updated graphics and Nvidia's (NVDA) Deep Learning Super Sampling 5 technology, Take-Two Interactive said.Price: $213.95, Change: $-0.19, Percent Change: -0.09%

$MSFT$NVDA$SONY$TTWO
Wire

Take-Two Interactive Software's GTA VI Launch Remains on Track, Long-Term View Unchanged, Wedbush Says

Take-Two Interactive Software's (TTWO) Grand Theft Auto VI launch remains on track, while a more durable recurring revenue base is key to longer-term growth, Wedbush Securities said in a Friday note.The company's Rockstar Games released a 27-minute gameplay look at GTA VI, marking the first major look at gameplay. It also reaffirmed the Nov. 19 release date for PS5 and Xbox Series X S. PC remains unannounced, the analysts said, adding that they continue to expect it in fiscal 2028.The analysts said GTA Online was not mentioned, with no details on its timing or format. This suggests GTA VI will generate little recurring revenue in fiscal 2027, in line with Wedbush's expectations, and reduces the potential for upside from an early GTA Online launch.The analysts said the reveal does not change their long-term view, which rests on a strong GTA VI launch, but more importantly, a recurring revenue base far larger and more durable than the one it carried into prior cycles.Wedbush kept its outperform rating on Take-Two Interactive Software, with a $300 price target.Price: $238.38, Change: $+5.38, Percent Change: +2.31%

$TTWO
Insider Trading

Take Two Interactive Software Insider Sold Shares Worth $10,105,592, According to a Recent SEC Filing

Strauss Zelnick, Director, Chairman, CEO, on August 10, 2026, sold 40,000 shares in Take Two Interactive Software (TTWO) for $10,105,592. Following the Form 4 filing with the SEC, Zelnick has control over a total of 1,190,254 common shares of the company, with 1,190,254 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/946581/000094658126000069/xslF345X05/form4.xml

$TTWO
Wire

Take-Two Interactive Software Fiscal 2027 Guidance Could Prove Conservative, UBS Says

Take-Two Interactive Software (TTWO) fiscal Q1 results were stronger than expected, while management's commentary around GTA VI reinforced UBS' bullish view and its expectation that the company's fiscal 2027 bookings guidance will prove conservative.The investment firm said in a Friday note that it expects Take-Two's fiscal 2027 bookings guidance of $8.0 billion to $8.2 billion to prove conservative and looks for more significant updates closer to GTA VI's launch.Management said pre-orders for the game were "unprecedented and astonishing," although it did not update guidance.UBS expects ongoing content releases, new platform launches and Take-Two's pipeline of 21 new core titles in fiscal 2028 to 2029 to support a new baseline for bookings, profits and free cash flow. It forecasts bookings of $8.5 billion in fiscal 2027 and $9.2 billion in fiscal 2028, versus $6.7 billion in fiscal 2026.UBS has a buy rating on Take-Two Interactive with a $300 price target.Shares of Take-Two Interactive Software were up 2.5% in Monday trading.Price: $252.75, Change: $+6.25, Percent Change: +2.54%

$TTWO
Take-Two Outlook Poised for Upside as GTA VI Approaches, UBS Says
US Markets

Take-Two Outlook Poised for Upside as GTA VI Approaches, UBS Says

Take-Two Interactive Software's (TTWO) unchanged full-year guidance could prove to be conservative following its upbeat remarks about the upcoming "Grand Theft Auto VI" video game, UBS Securities said in a note e-mailed Monday.On Friday, the video game publisher's fiscal first-quarter results surpassed Wall Street's expectations. The company reaffirmed its fiscal 2027 outlook, including its net bookings range of $8 billion to $8.2 billion.The Rockstar Games unit is seeing an "unprecedented and astonishing" level of pre-orders for the highly anticipated GTA VI title, Take-Two Chief Extractive Strauss Zelnick said on an earnings conference call, according to a FactSet transcript.Despite the upbeat comments about the game, the company reiterated its annual guidance, UBS said in a note to clients."We continue to believe guidance will prove conservative and expect more significant updates closer to GTA VI launch," UBS analysts Christopher Schoell and John Hodulik wrote. "This was the case for both GTA V and (Red Dead Redemption 2), when the company outperformed its initial bookings outlook by several hundred million."GTA VI is scheduled to be released Nov. 19. The game will be available on Sony's (SONY) PlayStation and Microsoft's (MSFT) Xbox platforms.UBS sees "significant" pent up demand for the title and continues to believe the game will be even bigger than GTA V given factors such as the social effects in gaming nowadays.The brokerage continues to expect that GTA VI will sell 35 million units in fiscal 2027 and 60 million units in the first two years. "Along with our estimated $84 (average selling price), we look for ($2.1 billion) of full game sales this year and ($1 billion in 2028)," the analysts said.UBS has a buy rating and a $300 price target on the Take-Two stock. The company's shares were up 2% in Monday late-afternoon trade."We are bullish as we expect new GTA VI announcements, trailers and gameplay to drive sentiment and confidence in the profit/(free cash flow) ramp," the UBS analysts said. "The consolidated nature of the industry is also supportive of valuation with (Take-Two) being the remaining publicly traded US AAA developer."Price: $251.68, Change: $+5.18, Percent Change: +2.10%

$MSFT$SONY$TTWO
Wire

Take-Two Likely 'Too Cheap' With GTA VI Launch, Wedbush Says

Take-Two Interactive Software (TTWO) shares have not included the Grand Theft Auto VI launch and the growing mix of high-margin recurring revenue, Wedbush said in a note Monday.The report pointed to the stock trading at just 25 times consensus estimates of 2028 EPS and 23 times of 2029 EPS, which is not "incorporating" the scale of the launch."That is too cheap for a company with a locked November 19 GTA VI launch date and pre-order volume that managementcharacterized as exceptional, and more importantly, a recurring revenue base far larger and more durable than the one it carried into prior cycles," the report said.Wedbush reiterated its outperform rating and $300 price target, and keeping the stock on its Best Ideas List.Price: $250.34, Change: $+3.84, Percent Change: +1.56%

$TTWO
Sectors

Sector Update: Tech Stocks Rise Premarket Friday

Technology stocks were rising premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.9% higher.Advanced Micro Devices (AMD) shares were up more than 2% after the company said it agreed to purchase Taalas to expand its computing capabilities with specialized artificial intelligence processors.Cloudflare (NET) shares were up more than 14% after the company reported stronger-than-expected Q2 results and raised its 2026 guidance.Take-Two Interactive Software (TTWO) stock was up nearly 2% after the company posted higher fiscal Q1 revenue.

$AMD$NET$TTWO$XLK$XSD
Wire

Update: Take-Two Interactive Software Fiscal Q1 Loss Widens, Revenue Increases; Fiscal 2027 Guidance Reiterated

(Updates with Grand Theft Auto release date in seventh paragraph.)Take-Two Interactive Software (TTWO) reported fiscal Q1 loss Friday of $0.18 per diluted share, compared with a loss of $0.07 a year earlier.Analysts surveyed by FactSet expected a loss of $0.20.Revenue for the quarter ended June 30 was $1.53 billion, up from $1.50 billion a year earlier.Analysts expected $1.36 billion.The company set its fiscal Q2 loss guidance to be between $0.84 and $0.75 on revenue guidance of between $1.42 billion and $1.47 billion. Analysts are looking for a loss of $0.74 on revenue of $1.75 billion.For fiscal 2027, the company reiterated its EPS guidance of $0.55 to $0.75 on revenue of $7.90 billion to $8.10 billion. Analysts are expecting EPS of $1.73 on revenue of $8.53 billion.The company also confirmed it is on track to release its Grand Theft Auto VI video game Nov. 19, which it has said has "historically accounted for a significant portion of our revenue."Shares of the company were down over 1% in recent premarket activity Friday.Price: $235.16, Change: $+2.69, Percent Change: +1.16%

$TTWO
Stocks Rise Pre-Bell Ahead of Key Jobs Report; Investors Assess Iran's Hormuz Draft Plan
US Markets

Stocks Rise Pre-Bell Ahead of Key Jobs Report; Investors Assess Iran's Hormuz Draft Plan

The benchmark US stock measures were tracking in the green before the open Friday as traders await a key employment report for July and assess media reports on Iran's restrictive draft plan for the Strait of Hormuz.The S&P 500 rose 0.2%, the Nasdaq increased 0.5% and the Dow Jones Industrial Average edged up in premarket activity. The indexes finished the previous trading session lower, with the Dow snapping a three-day streak of record closing highs.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 80,000 jobs in July, compared with a 57,000 gain reported for the month prior, according to a Bloomberg poll.Job cuts hit a two-year low in July even as downsizing in the tech sector continued, outplacement firm Challenger Gray & Christmas said Thursday. Earlier in the week, ADP (ADP) data showed that private-sector employment in the US increased less than expected last month as gains were concentrated in services.Treasury yields were down in premarket action, with the two-year rate retreating 1.2 basis points to 4.23% and the 10-year rate off 0.8 basis points to 4.66%.Iranian state news agency Fars published on Thursday Iran's initial draft proposal for a potential deal over the Strait of Hormuz under which US and Israeli ships would be barred from transiting the key waterway, CNBC reported. The plan is reportedly under review by an Iranian parliamentary committee.Iranian Deputy Foreign Minister Kazem Gharibabadi earlier in the week said that an "understanding" between Iran and Oman regarding the Strait of Hormuz is close to being finalized. The proposed Iran-Oman agreement would not automatically reopen the strait, Gharibabadi told the state-run Islamic Republic News Agency, according to CNN.West Texas Intermediate crude oil nudged 0.1% lower to $77.27 a barrel before the opening bell, while Brent dipped 0.2% to $82.29.Shares of Cloudflare (NET) jumped 17% pre-bell as the cloud company lifted its full-year outlook following better-than-expected second-quarter results. Airbnb (ABNB) advanced 8.1% after the vacation rental company's second-quarter results topped Wall Street's estimates amid strong demand fueled by the FIFA World Cup.Vistra (VST), Take-Two Interactive Software (TTWO), Oklo (OKLO), Fluor (FLR), Under Armour (UAA, UA), Spectrum Brands (SPB) and Wendy's (WEN) report their latest financial results before the bell, among others.Friday's economic calendar also has the weekly Baker Hughes oil-and-gas rig count at 1 pm. Federal Reserve Bank of Richmond President Thomas Barkin is scheduled to speak at 10 am.Gold advanced 1.7% to $4,374 per troy ounce, while bitcoin gained 0.8% to $64,793.

Dow JonesNasdaq CompositeS&P 500$ABNB$FLR$NET$OKLO$SPB$TTWO$UA$UAA$VST$WEN
Equities

Correction: S&P 500 Posts Weekly Gain Amid AI Monetization Optimism

(Corrects to remove detailed Microsoft information as story published July 31 included Q3 data.)The Standard & Poor's 500 index rose 1.1% this week as hyperscalers showed the mega spend on the artificial intelligence buildout is being monetized.The market benchmark ended the week at 7,489.72. The index is now down 0.1% quarter-to-date but up 9.4% year-to-date.Microsoft (MSFT) and Amazon.com (AMZN) rose this week as quarterly results from the tech giants showed revenue growth in areas related to AI products and services, helping calm worries surrounding hundreds of billions of dollars of investments earmarked for the AI buildout.The consumer discretionary sector in the S&P 500 had the largest percentage gain of the week, up 8.3%, followed by a 5.4% advance in communication services and a 1.2% rise in consumer staples.Sales at Amazon's cloud computing unit delivered the fastest growth in 18 quarters, helping the e-commerce giant exceed market expectations for Q2 earnings and revenue. Shares jumped 17% this week even as the e-commerce behemoth expanded its capital expenditure by about $20 billion to $220 billion.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter. Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. Shares of Alphabet are up 12% this week.The three worst-performing S&P 500 sectors this week were utilities, real estate and materials, down 4.2%, 2.2%, and 1.7%, respectively.C.H. Robinson Worldwide (CHRW) said a jury in Texas issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier. Shares declined 21% this week.Edison International (EIX) said Thursday that Southern California Edison believes it is likely its equipment was associated with the ignition of the 2025 Eaton Fire, according to a Thursday quarterly filing. Southern California Edison recorded $1.6 billion in settlement-related losses and said it expects to incur additional material losses related to the fire, per the filing. Shares of Edison slumped 8% this week.Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), Caterpillar (CAT), Walt Disney (DIS), SanDisk (SNDK), Uber Technologies (UBER) and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week.Economic data due next week includes non-farm payrolls, job openings and labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.

S&P 500$AMD$AMZN$CAT$CHRW$DIS$EIX$GOOG$GOOGL$MS$MSFT$PLTR$SNDK$SPCX$TTWO$UBER
Wire

Take-Two Interactive Software's Fiscal Q1 Results to Reach Higher End of Guidance, Wedbush Says

Take-Two Interactive Software's (TTWO) fiscal Q1 results are expected to come in at the high end of its guidance range, Wedbush analysts said in a Monday note.The company is scheduled to report its fiscal Q1 financial results on Friday.Analysts said that the company's valuation is "too cheap" considering it has a locked-in Grand Theft Auto VI launch date as Nov. 19 and has a recurring revenue base far larger than the one it carried going into the Red Dead Redemption 2 cycle.Wedbush estimates Grand Theft Auto VI sales of roughly 29 million units in Q3, the launch quarter.Analysts expect fiscal 2027 earnings of $6.43 per share for Take-Two, compared with a FactSet consensus estimate of $6.78. The company's guidance range is $5.75 to $6.Wedbush has an outperform rating and a $300 price target on the stock.Price: $245.71, Change: $+2.79, Percent Change: +1.15%

$TTWO
Asia Markets

US Equity Investors to Focus on Quarterly Earnings, Nonfarm Payrolls, Iran Geopolitics This Week

US equity investors are expected to focus on earnings, labor market data, and messaging from top Federal Reserve officials this week while keeping an eye on crude oil prices amid geopolitical developments in the Middle East.* Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), SanDisk (SNDK), and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week. The so-called AI trade got a boost last week after Microsoft (MSFT) and Amazon.com (AMZN) showed blowout sales growth in artificial intelligence-related products and services.* Economic data this week includes non-farm payrolls, job openings, Challenger job cuts, jobless claims, and the labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.* Fedspeak resumes after the quiet period last week ahead of the central bank's July 28-29 policy meeting, with Fed Governor Lisa Cook and San Francisco Fed President Mary Daly both speaking on Wednesday, according to a note from Yardeni Research.* "They were not among the three hawkish dissenters at last week's FOMC meeting," Ed Yardeni, president of Yardeni Research, said, referring to the Fed's policy decision to stay on hold for the fifth consecutive meeting. "So it will be interesting to see which way they lean. That might give the financial markets some forward guidance, which Fed Chair Kevin Warsh refuses to do!"* President Donald Trump said a deal with Iran is imminent, with talks set to begin Monday, Al Jazeera, a Middle Eastern broadcaster, reported early Monday. Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Tehran is not currently holding talks with the US, and added the new Hormuz maritime route is being discussed with Oman, the news report said.* The front-month US West Texas Intermediate crude oil sank 5.8% to $79.76 a barrel early Monday, helping push the US 10-year Treasury yield lower by 5.3 basis points to 4.69%.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$MSFT$PLTR$SNDK$SPCX$TTWO
Equities

S&P 500 Posts Weekly Gain Amid AI Monetization Optimism

The Standard & Poor's 500 index rose 1.1% this week as hyperscalers showed the mega spend on the artificial intelligence buildout is being monetized.The market benchmark ended the week at 7,489.72. The index is now down 0.1% quarter-to-date but up 9.4% year-to-date.Microsoft (MSFT) and Amazon.com (AMZN) rose this week as quarterly results from the tech giants showed revenue growth in areas related to AI products and services, helping calm worries surrounding hundreds of billions of dollars of investments earmarked for the AI buildout.Microsoft reported triple-digit AI annual recurring revenue growth and an accelerating Azure trajectory into the end of 2026, Dan Ives, global head of technology at Wedbush Securities, said in a note to clients. The software behemoth's quarterly results, which included Azure's full-year revenue surpassing $100 billion for the first time, reinforced the idea that "any knee-jerk reactions to the elevated capex framework represent strong buying opportunities," Ives said.Shares of Microsoft were up 22% this week.The consumer discretionary sector in the S&P 500 had the largest percentage gain of the week, up 8.3%, followed by a 5.4% advance in communication services and a 1.2% rise in consumer staples.Sales at Amazon's cloud computing unit delivered the fastest growth in 18 quarters, helping the e-commerce giant exceed market expectations for Q2 earnings and revenue. Shares jumped 17% this week even as the e-commerce behemoth expanded its capital expenditure by about $20 billion to $220 billion.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter. Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. Shares of Alphabet are up 12% this week.The three worst-performing S&P 500 sectors this week were utilities, real estate and materials, down 4.2%, 2.2%, and 1.7%, respectively.C.H. Robinson Worldwide (CHRW) said a jury in Texas issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier. Shares declined 21% this week.Edison International (EIX) said Thursday that Southern California Edison believes it is likely its equipment was associated with the ignition of the 2025 Eaton Fire, according to a Thursday quarterly filing. Southern California Edison recorded $1.6 billion in settlement-related losses and said it expects to incur additional material losses related to the fire, per the filing. Shares of Edison slumped 8% this week.Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), Caterpillar (CAT), Walt Disney (DIS), SanDisk (SNDK), Uber Technologies (UBER) and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week.Economic data due next week includes non-farm payrolls, job openings and labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.

S&P 500$AMD$AMZN$CAT$CHRW$DIS$EIX$GOOG$GOOGL$MS$MSFT$PLTR$SNDK$SPCX$TTWO$UBER
Take-Two 'GTA VI' Pre-Order Data Indicate 'Robust' Demand, B. Riley Says
US Markets

Take-Two 'GTA VI' Pre-Order Data Indicate 'Robust' Demand, B. Riley Says

Take-Two Interactive Software's (TTWO) "Grand Theft Auto VI" pre-order tracking suggests "robust" demand for the highly anticipated video game ahead of its commercial launch in November, B. Riley Securities said Friday.Two-week tracking of digital storefronts and retail websites showed GTA VI was the top-selling item across all monitored platforms last month, when pre-orders started, and among the top-ranked items in early July, according to the brokerage. The tracking covered Sony's (SONY) PlayStation Store, Microsoft's (MSFT) Xbox Live, Amazon.com (AMZN), Walmart (WMT), Best Buy (BBY), and GameStop (GME)."While this analysis was qualitative in nature, we believe findings suggest robust demand for the game," B. Riley Managing Director Drew Crum said in a note to clients. The analysis supports the brokerage's "positive fundamental outlook" for Take-Two's shares, according to Crum.B. Riley maintained its buy rating on the video game publisher's stock with a $300 price target.The company's shares were down 1% in Friday afternoon trade, bringing its year-to-date losses to 4.8%.The Ultimate Edition of the game, which is priced at $99.99, was the most popular version on PlayStation Store and Xbox Live, according to B. Riley."Pre-orders were heavily weighted to PS5 (stock keeping units), which is not surprising given Sony's console system has outsold Xbox Series X/S by more than 3-to-1 (by our estimation) during the current hardware cycle," Crum said. "We forecast GTA VI full game net bookings at $2.5 billion (37M units x $68 ASP), which spans (over four) months."Take-Two could provide updates on pre-order performance for the game with its latest quarterly financial results next month, potentially providing a lift for the company's stock, Crum said.B. Riley expects net bookings of $1.35 billion for the quarter, which it said is below Wall Street's estimate of $1.40 billion. The brokerage's non-GAAP earnings forecast of $0.34 a share exceeds consensus of $0.33, according to the note.Price: $243.89, Change: $-2.21, Percent Change: -0.90%

$AMZN$BBY$GME$MSFT$SONY$TTWO$WMT
Take-Two Interactive's 'GTA VI' Pricing Suggests Incremental Upside to Financials, B. Riley Says
US Markets

Take-Two Interactive's 'GTA VI' Pricing Suggests Incremental Upside to Financials, B. Riley Says

Take-Two Interactive Software's (TTWO) financials are poised to get a boost from the higher-than-expected pricing of the "Grand Theft Auto VI" video game, B. Riley Securities said in a note e-mailed Thursday.In a Wednesday update, the video game publisher's Rockstar Games said pre-orders for the highly anticipated title would begin Thursday, with the base edition introduced at $79.99. The game will be available on Sony's (SONY) PlayStation and Microsoft's (MSFT) Xbox platforms.B. Riley said the game's price is $10 higher than originally modeled and the industry standard for a new triple A game on current-generation console systems."We view this update favorably given it insinuates confidence in the quality of the game (and) suggests incremental upside to financials -- keeping unit volume unchanged implies an incremental ($300 million-plus) to net bookings in our model," B. Riley analyst Drew Crum said in a note to clients.The brokerage now projects Take-Two's non-GAAP earnings at $8 per share for 2027 and $9.75 for 2028, compared with its prior outlooks of $7.52 and $9.36, respectively. B. Riley's unit estimates for GTA VI are unchanged at 37 million and 28.9 million for 2027 and 2028, respectively, according to the note.The latest update from Rockstar also offers another data point that confirms the game's Nov. 19 launch date remains intact, Crum said.GTA VI was originally slated to come out in 2025, but was delayed first to May 26 this year and then to Nov. 19.B. Riley sees Rockstar's update favorably for Turtle Beach (TBCH) and the video game industry. It is neutral in terms of impact to Corsair Gaming (CRSR) and Roblox (RBLX), and "potentially negative for other parts of our universe as the game consumes mindshare and limited entertainment time," Crum wrote.Price: $233.81, Change: $-1.91, Percent Change: -0.81%

$CRSR$MSFT$RBLX$SONY$TBCH$TTWO
Wire

Take-Two Grand Theft Auto VI Delay Risk Largely Removed, Wedbush Says

Take-Two Interactive Software (TTWO) has largely removed uncertainty surrounding the launch of Grand Theft Auto VI after confirming pricing, pre-orders and a Nov. 19 release date, strengthening visibility into the company's earnings outlook, Wedbush said in a Thursday note.The firm said the announcement of an $80 standard edition, a $100 ultimate edition, pre-orders and the release date provides the confirmation investors had been seeking and substantially reduces concerns about another delay.Wedbush said the pricing structure could support higher average selling prices, while the premium edition and digital distribution mix may benefit margins.The firm also said the decision to launch the game initially as a single-player title should allow online revenue opportunities to build over subsequent years through Grand Theft Auto Online and subscription offerings.Wedbush maintained its outperform rating on Take-Two Interactive Software and a $300 price target.Price: $237.33, Change: $+1.60, Percent Change: +0.68%

$TTWO
Sectors

Sector Update: Consumer Stocks Advance Pre-Bell Wednesday

Consumer stocks were edging higher pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) marginally advancing and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.Wendy's (WEN) named Steve Cirulis as chief financial officer, effective Tuesday, succeeding Ken Cook. Shares of Wendy's were up more than 30% premarket.Take-Two Interactive Software's (TTWO) Rockstar Games will open pre-orders for "Grand Theft Auto VI" on Thursday at midnight local time, the video game publisher said. Take-Two Interactive Software stock was up nearly 3% pre-bell.Nike (NKE) said David Denton will join as its chief financial officer and executive vice president on Aug. 17, replacing Matthew Friend, who will step down at that time and remain through Sept. 4 to support the transition. Nike shares were 0.8% lower premarket.

$NKE$TTWO$WEN$XLP$XLY
Wire

BofA Securities Lifts Price Target on Take-Two Interactive Software to $368 From $320, Maintains Buy Rating

Take-Two Interactive Software (TTWO) has an average rating of buy and mean price target of $283.67, according to analysts polled by FactSet.Price: $244.07, Change: $+4.50, Percent Change: +1.88%

$TTWO
Equities

Social Buzz: Wallstreetbets Stocks Mixed Pre-Bell Monday; Sandisk to Advance, Space Exploration Technologies to Decline

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Monday's opening bell.Sandisk (SNDK) was up 3.9% pre-bell, following an 11.5% rise at Thursday's close.Intel (INTC) was 3.8% higher premarket, after a 10.6% increase from Thursday's session.Micron Technology (MU) rose by 3.6% in premarket activity, after an 8.7% increase from the previous session.Take-Two Interactive Software (TTWO) advanced by 3.1% in pre-bell hours, after closing Thursday with a 4.9% increase. Take-Two Interactive's Rockstar Games said pre-orders for its Grand Theft Auto VI video game will start on June 25 for both digital and physical retail locations.DTE Energy (DTE) was up 0.5% premarket, after a 0.3% increase from the previous session.Space Exploration Technologies (SPCX) fell by 4.7% hours before market open, following a 3.6% decline from Thursday's session.Nvidia (NVDA) declined by 0.5% pre-bell, after an increase of nearly 3% from the previous session.Microsoft (MSFT) was 0.1% lower premarket, swinging from a 0.1% increase at Thursday's close.

$DTE$INTC$MSFT$MU$NVDA$SNDK$SPCX$TTWO
Take-Two's Rockstar Says 'GTA VI' Pre-Orders to Start June 25; Shares Rise
US Markets

Take-Two's Rockstar Says 'GTA VI' Pre-Orders to Start June 25; Shares Rise

Take-Two Interactive Software's (TTWO) Rockstar Games said "Grand Theft Auto VI" pre-orders will open next week, sending the video game publisher's stock higher Thursday.Advance purchases for the highly anticipated video game will begin June 25 on digital platforms and at certain retailers. Customers can place the title on their wish lists through Sony's (SONY) PlayStation and Microsoft's (MSFT) Xbox storefronts, Rockstar said.Take-Two shares were up 6% in afternoon trade. So far this year, the stock has lost 5.6% in value.Last month, Take-Two said the latest game of the iconic series was on track to be released on its scheduled Nov. 19 date. The game was originally slated to come out in 2025, but was delayed first to May 26 this year and then to Nov. 19.Rockstar released GTA VI's official cover art Thursday, but didn't mention the price.In May, Take-Two reported a smaller-than-expected fiscal fourth-quarter loss.Oppenheimer said at the time it expected GTA VI to contribute $3.45 to the company's non-GAAP per-share earnings in fiscal 2027, assuming 40 million units are sold at a $70 base price. However, buyside estimates indicated that more than 50 million units may be sold, the brokerage's analyst, Martin Yang, said in a research note at the time.An incremental 10 million GTA VI sales would add $1 to 2027 estimates, according to Yang. "While we view (50 million) unit sales in (fiscal 2027) as possible, we believe management is unlikely to guide to such an optimistic goal initially," Yang said in the May report.Price: $240.76, Change: $+12.73, Percent Change: +5.58%

$MSFT$SONY$TTWO

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