NEW YORK, August 10, 2026, 18:35 EDT
- Shares of Take-Two Interactive Software NASDAQ:TTWO gained 2.87%, closing at $253.57 on Monday.
- Trading volume stood at 3.7 million shares, marking a 48% increase over the 50-day average.
- Net bookings forecast for fiscal 2027 is unchanged at $8.0 billion to $8.2 billion.
- Grand Theft Auto VI is set for release on November 19, 2026.
Take-Two Interactive Software NASDAQ:TTWO rose 2.87% on Monday, ending the session at $253.57 amid higher-than-normal trading volume. The stock logged its second consecutive gain.
The gain added to Friday’s increase following results. This occurred while the wider US market declined. Trading volume was 48% higher than Take-Two’s 50-day average.
The challenge for investors has intensified. Take-Two is projecting fiscal 2027 bookings between $8.0 billion and $8.2 billion. At the midpoint of $8.1 billion, this suggests a 20.5% increase over fiscal 2026.
| Monday market comparison | Close | Daily move |
|---|---|---|
| Take-Two NASDAQ:TTWO | $253.57 | up 2.87% |
| Hasbro NASDAQ:HAS | $94.49 | rising 1.04% |
| Playtika (NASDAQ:PLTK) | — | down 4.76% |
| Mattel NASDAQ:MAT | — | off 0.34% |
| S&P 500 | — | down 0.06% |
| Nasdaq Composite | — | down 0.32% |
Take-Two’s trading activity outperformed comparable toy and game companies. Volume reached 3.7 million shares, above the 50-day average of 2.5 million. Shares ended the session 4.65% shy of the July 7 record high at $265.94.
Fuel for the gains came from Friday’s fiscal first-quarter results. Net bookings totaled $1.39 billion, edging past the firm’s guidance. However, bookings declined 3% compared to the previous year.
| Fiscal first quarter | 2027 | 2026 | Change |
|---|---|---|---|
| Net bookings | $1.39 billion | $1.42 billion | -3% |
| GAAP net revenue | $1.534 billion | $1.504 billion | +2% |
| GAAP net loss | $34.1 million | $11.9 million | Loss increased |
| GAAP loss per share | $0.18 | $0.07 | Loss increased |
| Recurrent spending share of bookings | 84% | 84% | No change |
Revenue increased, but the loss grew larger. The company recorded a $43.4 million impairment charge after scrapping an unrevealed third-party game. Recurrent consumer spending declined 1% and accounted for 84% of total bookings.
Grand Theft Auto VI widens the distance between present performance and the annual objective. The release is set for November 19. Pre-orders began in June, showing robust demand.
Chief Executive Strauss Zelnick stated: “Our strong first quarter performance demonstrates the strength of our portfolio and our focused execution at every label. Maintaining these encouraging trends and with enthusiasm surrounding the upcoming November 19th release of Grand Theft Auto VI, we are reaffirming our Fiscal 2027 Net Bookings forecast at $8.0 to $8.2 billion.” Take-Two
The guide is extensive, yet not assertive. Reuters estimates Wall Street’s bookings forecast at $8.86 billion. Take-Two’s midpoint is 8.6% lower than this number.
| Scale comparison | Fiscal 2026 actual | Fiscal 2027 outlook | Midpoint growth |
|---|---|---|---|
| Net bookings | $6.72 billion | $8.0 billion-$8.2 billion | 20.5% |
| Non-GAAP EBITDA | $760.6 million | $993 million-$1.053 billion | 34.5% |
| Operating cash flow | $624.3 million | Over $1.0 billion | Above 60% |
The increase in bookings and cash flow is significant. Take-Two’s May results provided the figures for fiscal 2026, while the company reaffirmed its ranges for fiscal 2027 on Friday.
This means the ongoing rally is driven by execution. Investors are spending in advance of revenue being recorded. The core business has not yet generated the growth projected in the yearly outlook.
Analysts are still bullish, but expectations tempered after Monday’s rise. The group of 29 analysts at S&P Global holds an average price target of $284.14, indicating a potential 12.1% increase from where shares ended on Monday.
| Analyst recommendations | Count or value | Share / implied move |
|---|---|---|
| Buy | 28 analysts | 96.6% |
| Hold | 0 analysts | 0% |
| Sell | 1 analyst | 3.4% |
| Consensus 12-month target | $284.14 | +12.1% |
| Target price range | $170-$368 | -33.0% to +45.1% |
The recommendation split and target figures come from an S&P Global survey. The target percentages are based on Take-Two’s closing share price of $253.57 on Monday. The wide range between $170 and $368 highlights analysts’ varied perspectives on launch risk.
Risks. Pre-orders remain subject to cancellation, and revenue from GTA VI sales has not yet been recorded. Delays in launch, lower mobile spending, or reduced player engagement may impact the pace of bookings growth. A larger quarterly loss leaves minimal margin for missteps in execution.
In the coming week, investors will monitor if trading volume remains high. November 19 continues to be the key catalyst. Take-Two needs to convert demand into approximately $1.38 billion in midpoint bookings growth.
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