Leon Neal
Take-Two Interactive Software (Nasdaq:TTWO) 2% increase The latest update from Jefferies solidifies the company as a top pick in interactive entertainment, pushing it past Electronic Arts (Nasdaq:EA) and Roblox (NYSE:RBLX).
“The wait is almost over” for Take-Two’s game lineup The most notable is Grand Theft Auto VI, Analyst James Heaney said Take-Two has “the most visible path” to trigger many of its releases as the biggest update to the lucrative franchise ever. GTA 6 We are returning to growth in the mobile space.”
He said news about the game will likely drive the stock higher until its release in fall 2025, and that while the game still has a “long list” of unknowns, “as those questions are resolved one by one, we expect expectations to be revised upwards and confidence to grow.” Meanwhile, other drivers of upside include the company’s development pipeline freeing up in fiscal 2026-27, growing profits from live services, and “recovering momentum” on mobile.
The firm raised its price target on TTWO to $185, implying an upside of 22%.
Heaney, who also covered Electronic Arts at Buy, cited the company’s “more shots on goal” for its “unparalleled scale” in sports games.
“World Cup and company name change” — the company EA Sports FC The football franchise took over from its predecessor FIFA Online Games – “We’re reassessing our expectations for FC and looking forward to continued execution and additions College Football maintain [mid-single-digit-plus] the growth of the sport,” Heaney wrote.
Meanwhile, talk of EA’s own strong pipeline should come to the fore again later this year, he said. 1% increase As of late Thursday morning, Jefferies’ $165 price target suggested a 14% upside.
Heaney also cited “high” growth and margin expectations for the company’s already high valuation, and decided to hold onto Roblox (RBLX) and buy Skillz (NYSE:SKLZ) sees “fundamental limitations” in its current model due to a decline in the number of monthly paying active users.
