CICC Research has officially begun coverage of Take-Two Interactive Software (NASDAQ: TTWO) with an outperform rating and a target price of $272.00. The research report, released on Tuesday, marks a significant endorsement for the gaming company, which has seen a recent surge in analyst interest.
Multiple investment firms have reassessed their positions on Take-Two, reflecting a bullish outlook. On August 8, Wedbush raised its target price on the stock from $269.00 to $275.00, maintaining an outperform rating. Similarly, JPMorgan Chase & Co. adjusted its price objective from $250.00 to $275.00 and assigned an overweight rating. Benchmark also increased its target to $275.00 while giving a buy rating, and UBS Group upped its target price to $285.00, further endorsing the stock. On July 23, Citigroup increased its price target from $260.00 to $270.00, also rating Take-Two as a buy.
As of now, nineteen analysts have rated Take-Two with a buy recommendation, while two have given it a hold rating. According to MarketBeat.com, the consensus rating for the stock is currently “Moderate Buy,” with an average target price of $249.50.
Recent Earnings Performance
Take-Two Interactive Software reported its earnings results on August 7, presenting a strong performance. The company achieved earnings per share (EPS) of $0.61, surpassing the consensus estimate of $0.28 by $0.33. Revenue for the quarter reached $1.50 billion, exceeding expectations of $1.31 billion. Comparatively, this reflects a 16.4% increase in revenue from the same quarter last year, where the company reported a loss of ($1.52) EPS.
Looking ahead, Take-Two has set guidance for Q2 2026 at an EPS of 0.850-0.950 and for FY 2026 at 2.600-2.850 EPS. Analysts project that the company will post an EPS of 0.97 for the current year.
Insider Trading Activity
In addition to analyst ratings, insider trading activity has also been notable. Director Laverne Evans Srinivasan sold 2,325 shares on August 21 at an average price of $227.47, totaling approximately $528,867.75. Following this transaction, Srinivasan holds 9,063 shares valued at around $2,061,560.61, marking a 20.42% reduction in their position.
Furthermore, CEO Strauss Zelnick sold 20,000 shares on August 27 for an average price of $230.69, resulting in a total of $4,613,800.00. Over the past quarter, insiders have sold a total of 141,825 shares valued at $32,532,671, with insiders currently holding 1.34% of the stock.
Institutional Investments
Institutional investors have also made significant adjustments to their holdings in Take-Two. Clarius Group LLC acquired a new stake worth $404,000 in the first quarter. Cornerstone Investment Partners LLC raised its stake by 14.1%, now holding 292,616 shares valued at approximately $60,645,000. Additionally, Stonebridge Financial Group LLC significantly increased its stake by 3,986.2%, while Wealth Enhancement Advisory Services LLC grew its holdings by 8.4% in the fourth quarter.
Finally, Ninety One UK Ltd expanded its position by 22.8% during the second quarter, now owning 1,801,582 shares valued at around $437,514,000. Institutional investors currently hold approximately 95.46% of Take-Two’s stock.
Take-Two Interactive Software, based in the United States, develops and publishes popular interactive entertainment products, including renowned franchises such as Grand Theft Auto and Red Dead Redemption. As the company continues to attract positive attention from analysts and investors alike, its market performance will be closely monitored in the coming quarters.
