Oppenheimer raised the firm’s price target on Take-Two (TTWO) to $215 from $190 and keeps an Outperform rating on the shares. The firm notes NBA 2K’s healthier year-over-year comparable sales and stronger AAA slate for 2025 suggest that bookings trend will be OK ex-Rockstar. Despite a potentially more competitive year for PC/console gaming, Take-Two is relatively more insulated from competition based on its differentiated franchises and genre dominance, says Oppenheimer. The firm acknowledges that a GTA 6 delay is always a possibility, but such concern weighs far less on investors’ mind than ever before.
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