Take-Two price target raised to $220 from $190 at Raymond James

Raymond James raised the firm’s price target on Take-Two (TTWO) to $220 from $190 and keeps an Outperform rating on the shares. Take-Two reported a mostly in-like Q3, with results driven by strength at NBA 2K25, which had a nice rebound after a choppy 2K24 cycle that faced console generation transition headwinds, which was netted out by mobile, which was below expectations driven by underperformance of hypercasual titles and Empires and Puzzles, the analyst tells investors in a research note. The most important aspect was the reaffirmation of the company’s FY26 release timing, including Fall 2025 for GTA VI, the firm says, adding that it remains optimistic on the outlook from here.