These Analysts Raise Their Forecasts On Take-Two Interactive After Better-Than-Expected Earnings

Core Insights - Take-Two Interactive Software Inc reported third-quarter revenue of $1.37 billion, slightly below analyst estimates of $1.39 billion, but adjusted earnings of 72 cents per share exceeded expectations of 57 cents per share [1][2] Financial Performance - Total net bookings increased by 3% year-over-year, with net bookings from recurrent consumer spending growing by 9% year-over-year, representing 79% of total net bookings [2] - For the fourth quarter, revenue is expected to be between $1.52 billion and $1.62 billion, compared to estimates of $1.54 billion, with anticipated earnings ranging from a loss of 20 cents per share to a profit of 13 cents per share, against estimates of 6 cents per share [3] - Full-year revenue is projected to be between $5.57 billion and $5.67 billion, slightly above estimates of $5.62 billion, while the anticipated full-year loss per share is between $4.17 and $4.50, compared to estimates of a loss of $4.47 per share [4] Market Reaction - Following the earnings announcement, Take-Two shares rose by 16.2%, trading at $212.71 [4] Analyst Ratings and Price Targets - MoffettNathanson analyst maintained a Neutral rating and raised the price target from $156 to $170 [5] - Raymond James analyst reiterated an Outperform rating and increased the price target from $190 to $220 [5] - Goldman Sachs maintained a Buy rating and raised the price target from $205 to $230 [5] - Benchmark analyst reiterated a Buy rating and increased the price target from $210 to $225 [5] Future Outlook - The company plans to launch several major titles, including Sid Meier's Civilization VII on February 11, Mafia: The Old Country in the Summer, Grand Theft Auto VI in the Fall, and Borderlands 4, indicating a strong upcoming year [3]