TLDR
- TTWO closed at $231.31 on Nov. 11, and the stock is down about 10% in 2026.
- Sensor Tower estimates GTA VI preorders at $1 billion, above GTA V’s first-day sales.
- Take-Two kept its fiscal 2027 bookings outlook at $8 billion to $8.2 billion.
- The stock trades at 26.6 times forward earnings, under its five-year average of 29.
- GTA VI launches Nov. 19 on PlayStation and Xbox.
Take-Two Interactive (TTWO) closed at $231.31 on Nov. 11, one week before Grand Theft Auto VI goes on sale. The stock is down about 10% in 2026, even after an 8.3% jump following its latest earnings report.
Take-Two Interactive Software, Inc., TTWO
The 52-week range runs from $183.86 to $265.94. Market cap stands at $43.3 billion.
Take-Two trades at 26.6 times expected earnings over the next 12 months. That sits below its five-year average of 29, and the stock recently hit its lowest multiple since March 2023.
Preorders Are Running Hot
Sensor Tower estimates about $1 billion in GTA VI preorders so far. That already tops the $800 million GTA V made in its first 24 hours.
Microsoft and Sony both said the game is the most preordered title ever on their stores. The average selling price is $97, so most buyers picked the $99.99 premium edition over the $79.99 standard one.
Take-Two declined to comment on the third-party data. It did say preorders continue to reach “unprecedented levels.”
CEO Strauss Zelnick said preorders are trending well above what the company expected. He called it uncharted territory.
Circana puts purchase intent at 29% among U.S. console and PC gamers, the highest it has tracked for any game. BambooHR says time-off requests for Nov. 19 are running 13% above the same days in 2024 and 2025.
What the Guidance Says
Take-Two kept its fiscal 2027 bookings outlook at $8 billion to $8.2 billion. It has beaten the low end of its bookings guidance every fiscal year since 2007.
For the third quarter, the company expects net revenue of $3.27 billion to $3.42 billion. Net income is guided to $250 million to $276 million.
For the full year, it sees revenue of $7.98 billion to $8.18 billion. Net income is guided to $109 million to $142 million.
The second quarter was weaker, with lower sales and a smaller net loss. NBA 2K27 and mobile bookings softened, and free cash flow fell as capital spending rose.
Analysts tracked by FactSet expect adjusted earnings of $6.83 a share in fiscal 2027, up 67% from $4.10. They see bookings rising 28% to $8.61 billion.
The average price target across 26 analysts is $290. Freedom Capital Markets analyst Nick McKay sits at $293, about 30% above the recent close.
BofA projects GTA Online will bring in $66 per monthly active user in fiscal 2029. The game launches first on PlayStation and Xbox, with a PC release expected later.
The Miami Heat host “A Night in Vice City” on Nov. 18, with players in GTA-themed uniforms. GTA VI goes on sale Nov. 19, and Take-Two has historically released purchase data within days of a launch.
