TLDR
- Take-Two Interactive (TTWO) stock reached an all-time high of $255.64, marking a 61.59% increase over the past year
- The company beat Q1 fiscal 2026 expectations with net bookings of $1.423 billion versus $1.310 billion consensus estimate
- Adjusted earnings per share hit $0.61, significantly exceeding the anticipated $0.29
- Multiple analysts raised price targets, with Benchmark setting $275 and Oppenheimer at $265
- Earnings are projected to grow 38.1% year-over-year with 13 analysts revising estimates upward in the last 60 days
Take-Two Interactive Software reached a historic milestone this week. The gaming giant’s stock touched an all-time high of $255.64.
The surge caps off a stellar year for the company. TTWO shares have climbed 61.59% over the past 12 months.
The latest rally came after strong first-quarter results for fiscal 2026. Take-Two delivered numbers that left Wall Street impressed.
Net bookings hit $1.423 billion for the quarter. This crushed the consensus estimate of $1.310 billion by a wide margin.
The earnings story was even better. Adjusted earnings per share reached $0.61. Analysts had only expected $0.29.
Analyst Upgrades Follow Strong Results
The impressive quarterly performance prompted several analyst upgrades. Benchmark raised its price target to $275 from $250 while keeping its Buy rating.
Rothschild Redburn also bumped up its target. The firm set a new price target of $260, maintaining its Buy rating.
Oppenheimer stayed bullish with a $265 price target. The firm kept its Outperform rating on the stock.
The analyst community seems particularly excited about upcoming releases. Grand Theft Auto VI continues to generate buzz as its launch approaches.
Take-Two’s NBA 2K franchise also showed strong performance during the quarter. This franchise remains a reliable revenue driver for the company.
Growth Metrics Paint Positive Picture
The company’s growth prospects look solid based on recent metrics. Earnings are expected to grow 38.1% year-over-year for the current fiscal year.
Sales growth projections sit at 8% for the period. These numbers reflect steady business momentum.
Thirteen analysts have revised their fiscal 2026 earnings estimates upward in the last 60 days. The Zacks Consensus Estimate increased by $0.18 to $2.83 per share.
Take-Two has a track record of beating expectations. The company boasts an average earnings surprise of 52.6%.
Cash flow metrics also show strength. The company generated cash flow growth of 50.5% historically.
Current projections call for cash flow expansion of 16.3% this year. This demonstrates the business’s ability to generate consistent returns.
Take-Two adopted a new deferred compensation plan for key employees effective September 1, 2025. The plan allows highly compensated employees and directors to defer portions of their compensation.
The company now carries a market capitalization of $45.85 billion. Revenue growth of 7.33% supported the stock’s recent performance.
Analysts maintain a strong buy consensus on the stock with a high target of $285. The gaming company continues to benefit from successful game releases and strategic initiatives across its portfolio.
