Raymond James Lifts PT on Take-Two Interactive Software (TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is one of the Reddit Stocks with the Highest Upside Potential. On August 8, Raymond James lifted the price target on the company’s stock to $260 from $250, while keeping an “Outperform” rating, as reported by The Fly. As per the analyst, the company has reported Q1 2025 results solidly above expectations, and Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s fiscal 2026 outlook was increased to account for the beat. The company’s strong Q1 2026 results demonstrate ongoing demand for the core franchises and the increasingly diversified and successful nature of its business.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) raised its FY 2026 net bookings outlook to $6.05 billion – $6.15 billion. In Q1 2026, the company’s total net bookings saw an increase of 17% to $1.42 billion as compared to $1.22 billion during Q1 2025, with net bookings from recurrent consumer spending increasing 17% and making up for 83% of total net bookings. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s GAAP net revenue came in at $1.50 billion as compared to $1.34 billion in Q1 2025. Notably, recurrent consumer spending rose 14% and accounted for 84% of the total GAAP net revenue.

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Disclosure: None. This article is originally published at Insider Monkey.