Bank of America raises Take‑Two Interactive price target to $330, citing GTA 6 and GTA Online growth
Bank of America reiterated a Buy rating on Take‑Two Interactive (TTWO) and cut its price target to $330, down from prior targets of $380 and $368. The bank expects the November 19 launch of Grand Theft Auto 6 and a first‑quarter‑2027 GTA Online rollout to drive a long‑term earnings surge. It also lowered its FY 2028 EPS forecast to $13.03 and projects about 15% annual EPS growth after 2029, with revenue projected between $2.6 billion and $4.3 billion by 2029.
Why it matters
The new $330 target implies roughly 62% upside from the current price, offering investors a potential upside if the GTA 6 launch and online monetisation meet expectations. The reduced FY 2028 EPS forecast and long‑term growth assumptions will affect analysts’ models and may influence valuation multiples for TTWO.
Key facts
- 1BofA lowered its price target to $330, down from $380. finance.yahoo.com
- 2BofA also lowered its price target to $330, down from $368. investing.com
- 3The bank expects GTA 6 to launch on November 19. finance.yahoo.com
- 4BofA projects a GTA Online launch in 1Q 2027. finance.yahoo.com
- 5BofA reduced its FY 2028 EPS forecast to $13.03. finance.yahoo.com
- 6BofA expects annual EPS growth of about 15% after 2029. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.