JPMorgan initiated coverage of Take-Two Interactive (TTWO) with an Overweight rating. The firm set a $310 price target, suggesting a 22% potential upside from the previous close. Analysts also added the stock to the JPMorgan Analyst Focus List as a top growth idea.
The positive outlook centers on the upcoming release of Grand Theft Auto VI. JPMorgan expects the title to drive significant growth in bookings and earnings for fiscal years 2027 and 2028. The bank characterizes the company’s current financial guidance for that period as conservative.