Take-Two Interactive Stock (NASDAQ: TTWO)

Dernières nouvelles pour Take-Two Interactive (NASDAQ:TTWO) Stock

TAKE-TWO INTERACTIVE SOFTWRE

Take-Two Interactive

Take-Two is one of the largest global developers and publishers of video games, with labels including Rockstar, 2K, and Zynga. Grand Theft Auto is the firm's biggest franchise, accounting for about 30% of total sales for the past decade. NBA 2K is the industry's dominant basketball video game, with Take-Two releasing a new version annually. Other notable franchises include Red Dead Redemption, Borderlands, and Civilization. Typically, more than three quarters of the firm's sales are from in-game spending, with the remainder coming from initial game sales. Since acquiring Zynga in 2022, mobile makes up about half of total sales.

Take-Two Interactive Software, Inc. - Common Stock

Take-Two Interactive Software Inc

<a href="https://www.tomsguide.com/gaming/gta-6-might-be-delayed-again-according-to-a-new-leak-heres-when-the-game-could-launch">https://www.tomsguide.com/gaming/gta-6-might-be-delayed-again-according-to-a-new-leak-heres-when-the-game-could-launch</a>

News

General

TTWO

'GTA 6 might be delayed again, according to a new leak — here's when the game could launch'- Tom's Guide

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Ascendiant Capital analyst Edward Woo initiated coverage on Alarum Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) with a Buy rating and announced a price target of $9. Allarity Therapeutics shares closed at $12.23 on Friday. <a href="https://www.benzinga.com/quote/ALLR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst Keith Bachman initiated coverage on MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with an Outperform rating and announced a price target of $280. MongoDB shares closed at $241.37 on Friday. <a href="https://www.benzinga.com/quote/MDB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HSBC analyst Phani Kanumuri initiates coverage on Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Reduce rating and announced a price target of $240. Accenture shares closed at $283.15 on Friday. <a href="https://www.benzinga.com/quote/ACN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer analyst Cheng Li initiated coverage on Wave Life Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) with an Outperform rating and announced a price target of $24. WAVE Life Sciences shares closed at $8.40 on Friday. <a href="https://www.benzinga.com/quote/WVE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Alec Brondolo initiated coverage on Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with an Overweight rating and announced a price target of $265. Take-Two Interactive shares closed at $224.75 on Friday. <a href="https://www.benzinga.com/quote/TTWO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying MDB stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="571" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28080652/image-426-1024x571.png" alt="" class="wp-image-1003169" style="width:614px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28080652/image-426-1024x571.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28080652/image-426-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28080652/image-426-768x428.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28080652/image-426.png 1123w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Initiation

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

ALLR

This MongoDB Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Wells Fargo analyst Alec Brondolo initiates coverage on Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Overweight rating and announces Price Target of $265.

Price Target

Wells Fargo Initiates Coverage On Take-Two Interactive with Overweight Rating, Announces Price Target of $265

Take-Two Interactive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NYSE">TTWO</a>) short percent of float has fallen 6.07% since its last report. The company recently reported that it has 8.59 million shares sold short, which is 5.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.29 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Take-Two Interactive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753473624_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Take-Two Interactive has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Take-Two Interactive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Take-Two Interactive's peer group average for short interest as a percentage of float is 3.04%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Is the Market Bullish or Bearish on Take-Two Interactive?

In the last three months, 10 analysts have published ratings on Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Take-Two Interactive, revealing an average target of $256.5, a high estimate of $275.00, and a low estimate of $230.00. Observing a 9.48% increase, the current average has risen from the previous average price target of $234.30. 
<img src="https://www.benzinga.com/files/images/story/2025/1753297293_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of Take-Two Interactive's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jason Bazinet</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$270.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$265.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Christopher Schoell</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$275.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Andrew Marok</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Wyatt Swanson</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$270.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$230.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Michael Pachter</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$269.00</td>
<td>$253.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$250.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Cory Carpenter</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$250.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$236.00</td>
<td>$240.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Take-Two Interactive. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Take-Two Interactive compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Take-Two Interactive's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Take-Two Interactive's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TTWO/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Take-Two Interactive analyst ratings.</a>
<h2>Discovering Take-Two Interactive: A Closer Look</h2>
Take-Two is one of the largest global developers and publishers of video games, with labels including Rockstar, 2K, and Zynga. Grand Theft Auto is the firm's biggest franchise, accounting for about 30% of total sales for the past decade. NBA 2K is the industry's dominant basketball video game, with Take-Two releasing a new version annually. Other notable franchises include Red Dead Redemption, Borderlands, and Civilization. Typically, more than three quarters of the firm's sales are from in-game spending, with the remainder coming from initial game sales. Since acquiring Zynga in 2022, mobile makes up about half of total sales.
<h3>A Deep Dive into Take-Two Interactive's Financials</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3M period, Take-Two Interactive showcased positive performance, achieving a revenue growth rate of 13.08% as of 31 March, 2025. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Take-Two Interactive's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -235.46%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Take-Two Interactive's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -95.06%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Take-Two Interactive's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -34.09%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Take-Two Interactive's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.92, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Take-Two Interactive Stands With Analysts

Citigroup analyst Jason Bazinet maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Buy and raises the price target from $260 to $270.

Citigroup Maintains Buy on Take-Two Interactive, Raises Price Target to $270

Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has outperformed the market over the past 15 years by 10.54% on an annualized basis producing an average annual return of 22.88%. Currently, Take-Two Interactive has a market capitalization of $42.07 billion. 
Buying $1000 In TTWO: If an investor had bought $1000 of TTWO stock 15 years ago, it would be worth $22,182.70 today based on a price of $230.02 for TTWO at the time of writing.
<h3>Take-Two Interactive's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753289115_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Take-Two Interactive Stock In The Last 15 Years

Take-Two Interactive Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) stock has been on a wild roller coaster in recent years with investors changing valuation of the company based on <a href="https://www.benzinga.com/general/gaming/24/11/42144628/gta-6-trailer-2-fans-frustrated-as-rockstar-possibly-breaks-moon-theory">potential release dates </a>for the highly anticipated "Grand Theft Auto VI."
Roundhill Investments CEO Dave Mazza shares his thoughts on how to value Take-Two stock and what's next for the company.
Take-Two Out In 2026?: After a<a href="https://www.benzinga.com/general/gaming/25/05/45453761/gta-vi-delay-looms-over-take-two-earnings-sales-beat-eps-miss-outlook-updated"> long delay</a>, Mazza is confident that 2026 is the year the public sees "Grand Theft Auto VI" released to the public.
"Yes, Take-Two and Rockstar have locked in May 26, 2026, as the street date, pushing the project out of fiscal 2026 and into fiscal 2027, but giving the team room to finish what CEO Strauss Zelnick calls ‘our most ambitious title ever,'" Mazza told Benzinga.
Mazza said that "barring force-majeure," the internal milestones and marketing spend on the new video game are now set for that key company date.
Prediction market <a href="https://kalshi.com/markets/kxgta6/gta-6-release-date#gta6">Kalshi </a>has a betting market on when "Grand Theft Auto VI" will be released. The game being released before June 2026, which would be the current company date, is at 68%. The game being released before August 2026 sits at 84%. The market for the game being released before 2027 sits at 94% odds.
<iframe loading="lazy" src="https://kalshi.com/external-widgets/events/GTA6?color_scheme=light&#038;widget_size=medium&#038;variant=a&#038;ids=GTA6-26DEC31&#038;ids=GTA6-26JUL31&#038;ids=GTA6-26MAY31" width="488px" height="196px" style="border:0"></iframe>
Video Game Pricing: One of the hot topics about the release of "Grand Theft Auto VI" is pricing, with reports that the game will have a higher price tag than other games.
"Rockstar's scope and marketing clout give it room to test higher price points as analysts expect $80 standard and $100-plus deluxe editions, but only a handful of ‘event' franchises can command that premium," Mazza said
Mazza named Grand Theft Auto, Elder Scrolls and Call of Duty as franchises that can likely charge more for games. The Roundhill CEO doesn't think the higher pricing for this particular game will change the overall sector.
"Most publishers will still ship at $70 and rely on post-launch DLC or battle-passes to grow ARPU, while free-to-play giants compete on zero entry cost and monetize through cosmetics."
Read Also: <a href="https://www.benzinga.com/news/gaming/25/07/46483022/exclusive-video-game-etf-ceo-says-switch-2-is-blockbuster-ea-gains-from-sports-gamestop-doesnt-pass-etf-test">EXCLUSIVE: Video Game ETF CEO Says Switch 2 Is &#8216;Blockbuster,&#8217; EA Gains From Sports, GameStop Doesn&#8217;t Pass ETF Test</a>
Valuing Take-Two Stock: Take-Two is the fourth-largest holding in the Roundhill Video Games ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NERD#NASDAQ">NERD</a>) which was launched back in 2019.
Mazza said the delay of "Grand Theft Auto VI" to the next fiscal year led to the stock falling 7% to 10% and around $2 billion in revenue forecasts going to the next year.
"Yet, sell-side targets still cluster around $235 to $240 on the view that a $3 billion-plus launch year in full year 2027 will dwarf the short-term gap," Mazza said.
Mazza said "the right lens is bookings visibility."
"Valuation therefore, rests on discounted cash flow that weights the out-year spike, balances mobile and sports portfolios in the interim, and assigns a probability discount to further slips. Long-only holders need patience; traders may treat the lull as optionality on flawless execution."
TTWO Price Action: Take-Two stock trades at $228.66 versus a 52-week trading range of $135.24 to $245.08. Take-Two stock is up 25.8% year-to-date in 2025.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/earnings/25/06/45872536/gamestop-q1-earnings-revenue-misses-despite-collectibles-growth-eps-beats-retailer-adds-4710-bitcoin">GameStop Q1 Earnings: Revenue Misses Despite Collectibles Growth, EPS Beats, Retailer Adds 4,710 Bitcoin</a></li>
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Photo: miss.cabul via Shutterstock

Gaming

Specialty ETFs

Exclusives

Interview

ETFs

NERD

GTA 6 Delay Makes Take-Two Valuation Tough: Video Game ETF CEO Says 'Long-Only Holders Need Patience'

Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has outperformed the market over the past 20 years by 3.48% on an annualized basis producing an average annual return of 11.91%. Currently, Take-Two Interactive has a market capitalization of $44.42 billion. 
Buying $100 In TTWO: If an investor had bought $100 of TTWO stock 20 years ago, it would be worth $960.25 today based on a price of $242.86 for TTWO at the time of writing.
<h3>Take-Two Interactive's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750862734_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has outperformed the market over the past 10 years by 12.91% on an annualized basis producing an average annual return of 23.99%. Currently, Take-Two Interactive has a market capitalization of $43.27 billion. 
Buying $1000 In TTWO: If an investor had bought $1000 of TTWO stock 10 years ago, it would be worth $8,540.79 today based on a price of $236.58 for TTWO at the time of writing.
<h3>Take-Two Interactive's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749738612_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Take-Two Interactive 10 Years Ago Would Be Worth Today

Apple Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) latest legal setback is a headwind, but one analyst says the impact on the iPhone maker&#8217;s stock price is materially lower than investors feared. 
What Happened: JPMorgan analyst Samik Chatterjee has <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings" target="_blank" rel="noreferrer noopener">an Overweight rating</a> on Apple, according to a Thursday research note.
The note comes one day after the U.S. Court of Appeals for the Ninth Circuit denied Apple&#8217;s emergency application to halt changes to its App Store that resulted from a legal spat with Epic Games.
Judge Gonzalez enforced Apple to allow link-out payments for applications at 0% commission versus 27% prior, Chatterjee noted. Implementing Gonzalez&#8217;s order will moderate Services revenue growth by up to 200 bps, which will result in an EPS headwind of 2%- 3%, as highlighted in his prior report.
However, Chatterjee said the actual impact will be driven by consumers&#8217; adoption rate for link-out payments.
As a reminder, before implementing the zero-commission link-outs, the analyst estimated that the US App Store would contribute $11.3 billion in fiscal 2025 (~3% of aggregate revenues).
In the future, investors will watch out for the appeal process against Gonzalez&#8217;s order, which may take two years or even more if the case reaches the Supreme Court. Other geographies will leverage the precedence from the current ruling to demand similar implementation of zero commission link-outs, Chatterjee said.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45781527/apple-app-store-sales-jump-in-may-boosting-outlook-for-services-growth" target="_blank" rel="noreferrer noopener">Apple App Store Sales Jump In May, Boosting Outlook For Services Growth</a>
Why It Matters: Analyst Cory A Carpenter noted that the court denial is a big deal for app developers, many of whom have already updated their apps to accept credit card payments.
For apps that previously paid fees to Apple, the analyst estimated a potential annual margin uplift:
<ul class="wp-block-list">
<li>2%-4% for Match Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) and Bumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>)</li>
<li>1%-2% for Take-Two Interactive Software, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>)</li>
<li>0.2%-0.5% for Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), and </li>
<li>2%-5% for PLAYSTUDIOS, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYPS#NASDAQ">MYPS</a>).</li>
</ul>
Importantly, app store fee relief should represent upside potential to prior guidance, Carpenter said, as companies did not include any relief in their outlooks given the pending stay decision.
Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) generates 30% of revenue from the app store, but the analyst says the margin uplift will depend on how much savings are passed on to developers.
Carpenter said some apps previously did not allow users to subscribe on the app store due to Apple fees, and these companies should see a user acquisition benefit. The companies included Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Kindle, and Epic Games.
Spotify said in an Amicus briefing on May 19 that its iOS app update had significantly increased iOS users upgrading to a Premium subscription analyst.
Carpenter expects Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) to be an indirect beneficiary as developers re allocate app store fees to user acquisition.
Price Action: Apple stock is up 0.29% to $203.40 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45770679/alibaba-jd-see-sales-soar-in-618-festival-apple-and-xiaomi-emerge-as-top-selling-brands" target="_blank" rel="noreferrer noopener">Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands</a></li>
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Image: Shutterstock

Tech

AAPL

AMZN

BMBL

MTCH

MYPS

RBLX

SPOT

Apple Faces Modest Earnings Hit After Court Ruling But Analyst Expects Match, Bumble, Spotify To Gain

JP Morgan analyst Cory Carpenter named Take-Two Interactive Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) and Xometry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XMTR#NASDAQ">XMTR</a>) as top picks within the internet small and mid-cap (SMID) and <a target="_blank" href="https://www.benzinga.com/topic/video-games" rel="noreferrer noopener">video games</a> sectors.
As part of a wider reassessment of the internet SMID and video games sectors, this modification by JP Morgan encapsulates their latest industry analysis and projections.
The key conclusion of this assessment is that small-cap internet stocks continue to underperform significantly, marking the fifth consecutive year of this trend.
Also Read: <a href="https://www.benzinga.com//node/45473094">Take-Two Q4 Beats On NBA 2K, Mobile; Analysts Flag Cautious Guidance On GTA 6 Delay</a>
Despite this, the sector shows some resilience with the median covered company projected to grow revenue by 9% and maintain a 20% EBITDA margin in 2025, with all companies now adjusted EBITDA profitable, the analyst observed in the report.
A notable finding is the potential positive impact of the App Store ruling on companies like Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) and Bumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>), which may result in some fee relief.
While overall estimates for 2025 have seen slight downward revisions, the report highlights specific opportunities and dislocations, such as Take-Two Interactive as a top pick due to the anticipated GTA VI release, and identifies Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) and Xometry as companies with stock dislocations worth watching.
Carpenter maintained an Overweight rating on Take-Two Interactive with a price forecast of $250 due to the highly anticipated GTA VI (May 2026), its status as the most anticipated video game release in history, and strong performance from NBA 2K and Zynga. While GTA VI delays pose a risk, the firm projects significant growth with $8.75 billion in bookings and $9 adjusted EPS in FY27, driven by GTA VI unit sales.
The analyst has rated Xometry Overweight with a $38 price forecast, calling it a top small-cap pick. The custom manufacturing marketplace is seen as a clear leader in a growing online market, with accelerating revenue. Despite risks like manufacturing contraction, Xometry is projected for $595 million in marketplace revenue and $13 million adjusted EBITDA in 2025. Tariffs, supply chain uncertainty, and onshoring should accelerate share gains, as per the analyst. He increased the price forecast from $36 to $38.
Carpenter also increased the price forecast for Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) (from $80 to $100), citing beat and raise first-quarter and strong second-quarter intra-quarter trends.
The analyst raised the price forecast on Roku, Inc. from $75 to $85, citing China tariff relief and platform revenue upside potential.
He boosted the price forecast on Applovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) from $355 to $400, citing a first-quarter beat, app store ruling, and self-serve catalyst.
Carpenter downgraded Bumble from Neutral to Underweight, maintaining a $5 price forecast, despite the stock&#8217;s recent 50%+ surge since Liberation Day.
The upgrade in profit, driven by cost cuts, offset weaker revenue. However, Carpenter anticipates accelerated declines in revenue and payers, citing worsening U.S. download trends.
He expects margins to moderate as brand marketing resumes (i.e., another big upgrade seems unlikely) and notes continued challenges in the online dating sector, especially with Gen Z engagement. Tinder&#8217;s turnaround is further along, yet Match Group shares are near all-time lows, reflecting industry-wide struggles.
Read Next:
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<li><a href="https://www.benzinga.com//node/45317179">Bumble Slashes $20 Million In Q2 Marketing Spend As Founder-CEO Whitney Wolfe Herd Returns With Quality First Strategy</a></li>
</ul>
Image via Shutterstock

Analyst Color

Downgrades

Reiteration

ROKU

XMTR

Which Internet Software Stocks Is JP Morgan Bullish On?

Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has outperformed the market over the past 20 years by 2.9% on an annualized basis producing an average annual return of 11.18%. Currently, Take-Two Interactive has a market capitalization of $41.22 billion. 
Buying $100 In TTWO: If an investor had bought $100 of TTWO stock 20 years ago, it would be worth $835.40 today based on a price of $225.39 for TTWO at the time of writing.
<h3>Take-Two Interactive's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748554366_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Take-Two Interactive 20 Years Ago Would Be Worth This Much Today

Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has outperformed the market over the past 15 years by 10.88% on an annualized basis producing an average annual return of 22.68%. Currently, Take-Two Interactive has a market capitalization of $40.87 billion. 
Buying $100 In TTWO: If an investor had bought $100 of TTWO stock 15 years ago, it would be worth $2,212.73 today based on a price of $230.34 for TTWO at the time of writing.
<h3>Take-Two Interactive's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747840537_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) shares are trading lower Wednesday after the company announced a proposed public offering <a href="https://www.benzinga.com/pressreleases/25/05/b45534470/take-two-interactive-software-inc-announces-pricing-of-public-offering-of-common-stock">of common stock</a>.
What Happened: After the market close on Tuesday, Take-Two announced a proposed underwritten public offering of&nbsp;4.75 million shares of common stock for $225 per share. All shares in the offering are being sold by the company.
Take-Two also granted the underwriters a 30-day window to purchase up to an additional 712,500 shares at the offering price. 
The company anticipates total net proceeds of approximately $1.04 billion, or $1.19 billion if the underwriters exercise their option in full. Take-Two plans to use the proceeds for general corporate purposes, which may include the repayment of outstanding debt and future acquisitions. The offering is expected to close on May 22. 
Take-Two had approximately $1.46 billion in cash and cash equivalents as of March 31. 
Related Link: <a href="https://www.benzinga.com/25/05/45540187/palo-alto-networks-take-two-interactive-software-vf-corp-and-other-big-stocks-moving-lower-in-wednesdays-pre-market-session">Palo Alto Networks, Take-Two Interactive Software, VF Corp And Other Big Stocks Moving Lower In Wednesday&#8217;s Pre-Market Session</a>
<h3 class="wp-block-heading">Is TTWO A Good Stock To Buy?</h3>
Wall Street analysts view Take-Two Interactive on the whole as an Outperform, given the history of coverage over the past three months. Edward Woo from Ascendiant Capital is the most optimistic, expecting a 56.98% rise in the stock over the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past three months, Take-Two Interactive rose 6.69%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 17.27% over the past year.
A complete overview of how Wall Street views individual stocks is available <a href="https://www.benzinga.com/analyst-stock-ratings">here</a>, while real time updates on the latest analyst actions will be delivered via <a href="https://pro.benzinga.com">Benzinga PRO</a>. Try it for free.
TTWO Price Action: <a href="http://benzinga.com/quote/ttwo">Take-Two Interactive shares</a> were down 2.73% at $231.02 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/25/05/45473094/take-two-q4-beats-on-nba-2k-mobile-analysts-flag-cautious-guidance-on-gta-vi-delay">Take-Two Q4 Beats On NBA 2K, Mobile; Analysts Flag Cautious Guidance On GTA 6 Delay</a></li>
</ul>
Photo: Shutterstock.

Offerings

Movers

Take-Two Interactive Software Stock Is Falling Wednesday: Here's Why

U.S. stock futures were lower this morning, with the Dow futures falling around 400 points on Wednesday.
Shares of Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) fell in pre-market trading <a href="https://www.benzinga.com/news/earnings/25/05/45530408/palo-alto-reports-q3-earnings-raises-fy25-guidance-shares-slide">following quarterly results</a>.
Palo Alto reported third-quarter revenue of $2.29 billion, beating the consensus estimate of $2.28 billion. The company reported third-quarter adjusted earnings of 80 cents per share, beating analyst estimates of 77 cents per share, according to Benzinga Pro.
Palo Alto also raised its full-year 2025 guidance. The company now expects full-year revenue of $9.17 billion to $9.19 billion, up from prior guidance of $9.14 billion to $9.19 billion. The company now anticipates full-year adjusted earnings of $3.26 to $3.28 per share, up from prior guidance of $3.18 to $3.24 per share, per Benzinga Pro. Analysts are forecasting full-year revenue of $9.17 billion and full-year adjusted earnings of $3.22 per share.
Palo Alto Networks shares declined 3.8% to $187.15 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares dipped 55% to $1.41 in pre-market trading amid reports that the company is preparing to file for bankruptcy within weeks.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares declined 11% to $12.85 in pre-market trading after the company posted downbeat fourth-quarter sales and said it expects first-quarter revenue decline of 3%-5% year over year.</li>
<li>QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) fell 9% to $16.71 in pre-market trading after the company announced it launched a dual public offering of common stock and depositary shares representing series B convertible preferred stock.</li>
<li>Centuri Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRI#NYSE">CTRI</a>) fell 7.2% to $18.18 in pre-market trading. Centuri announced the pricing of secondary public offering of common stock.</li>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) shares fell 6.3% to $1.49 in pre-market trading after gaining 11% on Tuesday.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) declined 6% to $2.20 in pre-market trading after dipping 14% on Tuesday.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) fell 5.6% to $303.61 in pre-market trading.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) fell 4.6% to $10.77 in pre-market trading.</li>
<li>Phathom Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) fell 4.1% to $4.20 in pre-market trading.</li>
<li>Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) fell 3.6% to $228.85 in pre-market trading after the company announced the pricing of public offering of common stock.</li>
</ul>
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</ul>
Photo via Shutterstock

ACHR

CTRI

NWTN

PANW

PHAT

WOLF

Palo Alto Networks, Take-Two Interactive Software, VF Corp And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

WIIM

Take-Two Interactive shares are trading lower after the company announced a proposed public offering of common stock.

Reported Earlier, Take-Two Prices 4.75M Common Share Offering At $225 Each, Targeting $1.04B In Net Proceeds For Debt Repayment And M&A

Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) (the "Company" or "Take-Two") today announced a proposed underwritten public offering of $1 billion of shares of its common stock. All shares to be sold in the offering are to be sold by the Company. In addition, the Company expects to grant the underwriters a 30-day option to purchase up to an additional $150 million of shares of its common stock. Take-Two intends to use the net proceeds for general corporate purposes, which may include the repayment of outstanding debt and future acquisitions. The offering is subject to market and other conditions, and there can be no assurances as to whether or when the offering will be completed, or the actual size or terms of the offering.
J.P. Morgan Securities LLC and Goldman Sachs &amp; C

Take-Two Interactive Software Announces Proposed Public Offering Of $1B Of Common Stock

Press Releases

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Take-Two Interactive Software, Inc. - TTWO

Legal

Borderlands® 4 Now Available for Pre-Order; Post-Launch Content to Include Story Missions and All-New Vault Hunters

NBA® 2K26 Unveils 2025 MVP and Finals MVP Shai Gilgeous-Alexander, WNBA All-Star Angel Reese, and Hall of Famer Carmelo Anthony as Cover Athletes

Take-Two Interactive Software, Inc. to Report First Quarter Fiscal Year 2026 Results on Thursday, August 7, 2025

Borderlands® 4 Coming to Nintendo Switch™ 2 on October 3

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