Take-Two's GTA VI Earnings Could Prove 'More Durable' Than Market Expects, Wedbush Says

10:49 AM EST, 11/02/2026 (MT Newswires) -- Take-Two Interactive Software (TTWO) earnings from Grand Theft Auto VI could prove "more durable" than the market expects, Wedbush said in a report Monday. The firm said the market is pricing GTA VI as a "one-time launch," but expects bookings to rise from $6.7 billion in fiscal 2027 to $9.2 billion in fiscal 2029, excluding launch-window sales, supported by catalog sales, the online mode, a PC release and a fuller 2K slate. The firm forecasts 31 million GTA VI units sold during the launch quarter, assuming a net price of $62.50 per copy, and expects the game's online mode to attract 24 million monthly users spending about $5 each by fiscal 2029. Ahead of Take-Two's Nov. 9 earnings report, the firm expects fiscal Q2 "net bookings" of $1.67 billion, at the high end of guidance, and earnings of $1 per share, above the consensus estimate of $0.92. The firm also projects launch-quarter bookings of $3.44 billion and full-year bookings of $8.61 billion, exceeding the company's guidance of $8 billion to $8.2 billion, according to the report. Wedbush lowered the fiscal 2029 earnings per share estimate to $9.98 from $11.19, and reiterated an outperform rating, while cutting the price target to $280 from $300. Price: 195.76, Change: +5.59, Percent Change: +2.94