NEW YORK, August 24, 2026, 04:24 EDT —
- Take-Two closed Friday roughly $1.64 billion under its intraday valuation high from August 18.
- The gap is larger than the $1.38 billion increase suggested by the midpoint of the company’s bookings outlook for fiscal 2027.
- Rockstar’s upcoming preview on August 27 is set to be the final test ahead of GTA VI’s release on November 19.
Take-Two Interactive Software, Inc. NASDAQ:TTWO starts Monday’s premarket session with an estimated $1.64 billion in equity value yet to recover following last week’s GTA VI-related leak. Shares ended Friday at $239.62, slipping around 3% from their August 14 close.
The discrepancy is significant as it exceeds Take-Two’s forecasted overall bookings growth for this year. The fiscal 2027 outlook suggests an increase of roughly $1.38 billion at the midpoint. As a result, this week’s formal preview marks an important valuation event.
The calculation is based on 186.98 million outstanding shares. It contrasts the high of $248.39 reached on Tuesday with the previous close on Friday. The decline to Thursday’s low of $231.58 removed approximately $3.14 billion in value, prior to a partial recovery.
| Valuation measure | Price input | Estimated equity value | Vs. FY2027 bookings growth |
|---|---|---|---|
| From August 18 peak to August 20 bottom | $248.39 down to $231.58 | $3.14 billion wiped out | 2.28× |
| From August 18 peak to August 21 finish | $248.39 down to $239.62 | $1.64 billion erased | 1.19× |
| From August 20 bottom to August 21 finish | $231.58 up to $239.62 | $1.50 billion regained | 1.09× |
The legal proceedings are now influencing the situation. Take-Two has issued subpoenas to Microsoft Corp. NASDAQ:MSFT and Discord, requesting data on the origin of the suspected footage. These documents were submitted August 20, with a response deadline of September 4. The material has not been independently authenticated.
Rockstar Games has announced that an in-depth look at GTA VI is set for August 27 at 3 p.m. EDT. The preview will be available via Netflix Inc. NASDAQ:NFLX. The game’s release is still targeted for November 19.
Search interest is already high. On Monday, Google Trends ranked “rockstar games gta vi” as a top growing search in the U.S. This offers Take-Two an opportunity to steer traffic from leaks toward official video and launch information.
| Booking measure | Value | Change vs. FY2026 |
|---|---|---|
| Actual for Fiscal 2026 | $6.72 billion | — |
| Fiscal 2027 lowest guidance | $8.00 billion | +19.0% |
| Fiscal 2027 mid guidance | $8.10 billion | +20.5% |
| Fiscal 2027 highest guidance | $8.20 billion | +22.0% |
Management continues to maintain the same forecast. “We are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion,” Chief Executive Strauss Zelnick stated earlier this month. First-quarter bookings totaled $1.39 billion, coming in just above the company’s guidance. Take-Two results
The outlook assumes multiple launches, with GTA VI as the key timing variable. Take-Two reported fiscal 2026 bookings of $6.72 billion, with 78% driven by recurrent consumer spending.
| Analyst measure | Buy | Hold | Sell | Target |
|---|---|---|---|---|
| Consensus from 28 analysts | 27 | 0 | 1 | $286.89 average |
| JPMorgan, August 11 | Buy | — | — | $310 |
| Benchmark, August 10 | Buy | — | — | $300 |
| UBS, August 10 | Buy | — | — | $300 |
Wall Street sentiment is strongly positive. Out of 28 analysts followed, 27 have a Buy rating on the stock. However, price targets vary significantly, from $170 to $368, indicating a wide gap in projections linked to the release timeline.
| Date | Close | Daily move | Relevant range |
|---|---|---|---|
| August 14 | $246.95 | — | Weekly reference prior to leak |
| August 18 | $242.40 | +0.3% | High mark at $248.39 |
| August 19 | $237.04 | -2.2% | First significant pullback |
| August 20 | $240.15 | +1.3% | Lowest value at $231.58 |
| August 21 | $239.62 | -0.2% | After-hours reached $242.69 |
The stock’s after-hours price reached $242.69, rebounding 1.3% Friday evening. As of publication, no Monday premarket trades had been confirmed. The official preview needs to include additional details compared to the contested clips to address the outstanding gap.
Risks: Should another delay occur, bookings would shift to a future fiscal period, putting pressure on the present valuation. However, robust preview results or solid preorder figures may rapidly recover the lost value.
The clearest indication is expected on Thursday. Should Take-Two reclaim $248.39 following the presentation, it would mean the leak discount has been eliminated by investors. If shares fall below Friday’s $239.62 close, it would indicate ongoing concerns beyond the reported footage.
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