BofA keeps Buy on Take-Two ahead of GTA 6

Bank of America advised investors to hold Take-Two Interactive (TTWO) through the launch of Grand Theft Auto VI, Business Insider Africa reported. The bank's note said the stock "remains cheap on the LT growth we believe will soon become apparent," and that it recommends "being long TTWO through the GTA 6 launch."

BofA kept its Buy rating and reduced its price target from $380 to $330. Business Insider Africa said the new target still implies 62% upside, and that Take-Two shares have fallen 21% so far this year.

The bank's argument rests on online monetization of the GTA franchise, which it described as the most important long-term earnings driver for the company. According to Business Insider Africa, BofA expects a GTA Online launch in the first calendar quarter of 2027 to provide early proof of that upside. The bank also said Take-Two trades at 21x earnings compared with the S&P 500, and well below the 22x average EPS estimate for other large game publishers.

Yahoo Finance and StockTwits reported that Piper Sandler reaffirmed its Overweight rating on Take-Two and left its $280 price target unchanged. The firm pointed to PSC Reddit data from roughly 15 major game launches, which it said suggests more than 45 million GTA VI units at launch. StockTwits reported that TTWO shares closed Tuesday up 6.3% after the Piper Sandler note.

StockTwits also reported that Take-Two's May earnings call reaffirmed the November 19, 2026 launch date, and that fiscal 2027 net bookings are projected at $8 billion to $8.2 billion. These projections come from the company's outlook as relayed by StockTwits.