BofA Securities reiterated its Buy rating on Take-Two Interactive on Friday, raising its price target to $368 from a prior level as the company’s stock gained ground amid renewed investor interest tied to leaks of Grand Theft Auto 6.
The New York-based brokerage cited Take-Two’s recent financial performance and the market’s reaction to unauthorized gameplay footage that surfaced online starting August 18. An anonymous account, CyberLeek, began posting clips of what appeared to be in-development content, prompting Rockstar Games to acknowledge the incident via a post on X on August 26. Analysts noted that while some details in the images suggested access to a playable version, there was no evidence of a widely distributable copy being in circulation.
Take-Two’s shares closed at $235.39 on August 28, up 1.03% for the session, following the release of quarterly results that exceeded Wall Street expectations. The company reported net bookings of $1.386 billion, beating consensus estimates by 2.1%, while adjusted earnings per share came in at approximately $0.35, about 6% above expectations. After-hours trading showed a modest gain of 0.11%.
BofA’s upgraded target of $368 places it among the most bullish on the Street, surpassing other recent valuations. UBS maintained a Buy rating with a $300 target, while Baird raised its target to $270, citing strong performance in Grand Theft Auto Online and user engagement in NBA 2K. BTIG reiterated its Buy rating with a $313 target following an extended gameplay preview, and Benchmark kept its Buy rating and $300 target despite the unauthorized leaks.
The broader analyst community has also turned more optimistic, with 13 analysts revising earnings estimates upward for the upcoming period. Consensus recommendations for Take-Two now stand at 1.21 on a scale where lower numbers indicate stronger buy sentiment. The company’s projected earnings per share for fiscal 2027 is $6.60, according to current estimates.
Take-Two’s stock has become a focal point for investors tracking the fallout from the GTA 6 leaks, which have stoked speculation about the game’s development progress and potential commercial impact. While the leaks have drawn attention, analysts caution that the absence of evidence pointing to a full, playable leak limits near-term implications for revenue or distribution models.
