Take-Two shares could reach $300 as GTA VI upside remains unpriced, says Jefferies
Jefferies reiterated a 'buy' rating on Take-Two Interactive (TTWO), setting a $300 price target, citing underestimation of GTA VI's potential. The broker argues shares are attractive near $200, with a 50% upside. Jefferies forecasts $12 EPS for FY 2028 and a 25x multiple. They expect GTA VI's PC release in Q1 2027, boosting sales and engagement. Current valuation reflects cautious launch expectations, leaving room for upside.
How this was made
The 30-second read
Why it matters
The upgraded target could attract new buying interest, especially from investors seeking exposure to high‑growth gaming franchises.
Market read
Analyst upgrade with a $300 target may drive short‑term buying pressure on TTWO.
What to watch
Potential competition from other open‑world titles and macro‑economic headwinds could temper growth.
Background
Jefferies' analysis compares the upcoming GTA VI launch to prior Red Dead Redemption 2 cycles, arguing the market is undervaluing the new title.
Ticker impact
Jefferies reiterates a buy rating and raises the price target to $300, citing untapped upside from GTA VI.
likely upward pressure as investors price in the $300 target
The new target is substantially above current levels and is based on fresh growth assumptions for GTA VI.
Market effects
Positive outlook may lift other video‑game publishers and related hardware stocks.
US gaming sector could see modest gains.
Limited to the gaming industry; no broad macro effect.
Counterpoint
If GTA VI underperforms or PC launch is delayed, the upside may be overstated.
Key entities
- companyTake-Two Interactive Software Inc
Publisher of Grand Theft Auto and Red Dead Redemption series.
- analystJefferies
Equity research firm issuing the buy rating and price target.
