Take-Two Interactive Software's (TTWO) fiscal Q3 net bookings are estimated at the midpoint of the $1.55 billion to $1.6 billion guidance range, and the variance in fiscal year 2026 outcomes has narrowed as the holiday window closed, Wedbush Securities said Thursday.
The investment firm expects management to maintain full-year net bookings guidance of $6.4 billion to $6.5 billion, supported by a back-catalog and continued mobile strength, the report said.
"Grand Theft Auto VI" game is slated for release on Nov. 19, and the current marketing ramp is the main catalyst for the stock over the next 12 months, shifting the narrative from "speculation" to "execution", Wedbush said.
Although investors remain fixated on the GTA VI release, Wedbush views the fiscal Q3 print as critical evidence for "Core Business" durability, the report added.
Take-Two will release its fiscal Q3 results on Tuesday.
Wedbush maintained an outperform rating on the stock with a $300 price target.
Shares of the company were down 1.8% in recent trading.
Price: 238.71, Change: -4.47, Percent Change: -1.84
Comments