BUZZ - Take-Two shares rise after raising annual revenue and profit outlook

November 10 - ** Video game publisher Take-Two Interactive (TTWO.O) shares rose 4.87% in pre-market trading to $217.5

** The company on Monday raised its annual revenue and profit forecasts (link), betting that next week's release of Grand Theft Auto VI will drive strong demand

** The company raised its FY2027 revenue forecast from $7.9 billion to $8.1 billion to a new range of $7.98 billion to $8.18 billion, and bumped up the lower end of its earnings per share (EPS) forecast by 2 cents to a range of $0.57 to $0.75

** JPMorgan said Grand Theft Auto VI could be the biggest game launch in video gaming history, with strong sales likely to boost net bookings for fiscal 2027, while its online mode could fuel years of growth in net bookings and adjusted earnings

** Of 33 brokerages, 32 rate the stock “buy” or higher while one rates it “hold”; the median target price is $285 — LSEG compiled data

** As of yesterday's close, the stock is down about 19% year to date

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