New York, June 16, 2026, 5:05 PM EDT
- Take-Two closed up 6.35% at $229.97, just below its session high of $230.50. The Nasdaq Composite slipped 1.15%.
- Piper Sandler’s James Callahan kept his Overweight on the stock and stuck with a $280 target, StreetInsider said.
- Take-Two Interactive is still moving with Rockstar’s planned Nov. 19 release of Grand Theft Auto VI. Nasdaq will be shut for trading on Friday’s Juneteenth session.
Take-Two Interactive Software jumped 6.35% to $229.97 on Tuesday after a new call from Piper Sandler brought more attention to the company’s upcoming release cycle. Shares changed hands between $214.03 and $230.50 with volume at roughly 3.4 million, company data showed.
Take-Two’s story is now mostly about one thing: Nov. 19, when Rockstar Games plans to ship Grand Theft Auto VI on PlayStation 5 and Xbox Series X|S. The stock has already priced in delays. Keeping that launch date has become nearly as critical as the upcoming earnings report.
Piper Sandler’s James Callahan has kept his Overweight rating on Take-Two, maintaining a $280 price target, StreetInsider reported. That implies around 22% upside from where shares ended Tuesday. “We continue to like the stock here,” Callahan said, according to the report. StreetInsider.com
Take-Two’s last main update left investors split. The company said it had $1.58 billion in net bookings for the fiscal fourth quarter. For fiscal 2026, net bookings came in at $6.72 billion. Net bookings count digital and retail sales, and also items like licensing, in-game ads, and merchandise. The company’s first look at fiscal 2027 set net bookings at $8.0 billion to $8.2 billion.
Take-Two’s forecast came in under what Wall Street had expected, Reuters said last month, though the company still stood by the GTA VI release date. Alicia Reese, analyst at Wedbush Securities, said attention was on the launch timing, citing Rockstar’s record of pushing back releases.
Take-Two CEO Strauss Zelnick used the earnings release to say fiscal 2027 will hit “new record levels of operating performance,” pointing to GTA VI and stronger execution across the lineup. That’s what bulls see: a huge launch, better cash flow, and a company that keeps making money after the initial sale. Take-Two Interactive
The competition remains tough. Reuters reported that Take-Two is up against other publishers like Electronic Arts and Microsoft’s Activision Blizzard, but said GTA VI should be notable for the scale of its series and Rockstar’s track record. Execs have said GTA V has moved nearly 230 million copies since 2013.
Growth stocks struggled as the broader market failed to lift them. The Nasdaq Composite dropped 1.15%. The S&P 500 slipped 0.55%. Tech shares led the retreat. The Dow closed up 0.67% for a record finish, Reuters reported. This week is shorter, with Nasdaq closing for Juneteenth on June 19.
Take-Two’s Chief Legal Officer Daniel Emerson sold 4,421 shares for $215 each on June 15, according to a securities filing. Emerson used a Rule 10b5-1 trading plan set up on March 3, the filing said.
The rally narrows the margin for error. Any new GTA VI delay, soft initial sales, pricier mobile user acquisition, or weaker in-game spend could bring estimates lower. Take-Two itself pointed to timing, market take-up, dependence on Grand Theft Auto and NBA 2K, inflation, FX, and pricing as potential risks to its outlook.
