Bank of America raised its price objective on Take-Two Interactive Software to $368 and reiterated a Buy rating, citing stronger long-term monetization potential from the next version of Grand Theft Auto Online. The firm increased its fiscal 2028 bookings forecast for GTA Online by roughly $900 million to $2.2 billion, lifting its assumed annual revenue per monthly active user to $60 from $35. Analysts expect the next installment to monetize at nearly twice the rate of its predecessor, narrowing the gap with leading live-service titles such as Fortnite, and highlighted structural improvements at Rockstar including a larger live-service team and enhanced anti-cheat systems. Bank of America now forecasts fiscal 2028 net bookings of $10.7 billion and earnings per share of $14.23 for Take-Two, while leaving fiscal 2027 estimates unchanged. Take-Two shares traded up 2% at $244 on Tuesday afternoon.
Take-Two Interactive Software IncBank of America raised price target to $368 and reiterated Buy, citing stronger GTA Online monetization potential.
Bank of America Corp