Take-Two Interactive Software Inc. FQ4'26 Earnings Review

Goldman Sachs maintains a Buy rating on Take-Two (TTWO) and raises its price target to $275 following strong FQ4 earnings and a reiterated November 2026 launch for GTA 6.

Key Takeaways

• 1.Take-Two reiterated the launch of Grand Theft Auto 6 (GTA 6) for November 2026, with marketing expected to intensify starting this summer.
• 2.Mobile portfolio growth outperformed expectations, with mature titles like Toon Blast and Color Block Jam sustaining double-digit YoY growth.
• 3.The company maintains a robust pipeline including 29 titles through FY29 and is scaling direct-to-consumer efforts to improve margins.

Table of Contents

• Positives & Negatives:
• 1FQ27 & FY27 Estimate Changes:
• Valuation: Maintain Buy Rating and Raise PT to $275 (From $270)
• Key Risks to our Buy rating:
• Disclosure Appendix

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