Take-Two Interactive Software is expected to deliver a largely in-line fiscal first quarter performance, with investor attention remaining on management commentary around Grand Theft Auto VI, according to Jefferies analysts. Wall Street forecasts a roughly 4% year-over-year decline in bookings, driven by weakness in the mobile business as several key titles slow. The analysts maintained their Buy rating and $300 price target, above current levels of about $238, and expect the stock to continue trading higher into the game's release. Take-Two will report its Q1 earnings on August 7.
Take-Two Interactive Software IncJefferies maintains Buy rating and $300 price target, expecting stock to trade higher into GTA VI release.