Take-Two's Q1 expected in line; focus on GTA VI release and updates

Take-Two Interactive is forecasted to report a mostly in-line fiscal Q1, with a 4% decline in bookings mainly due to weaker mobile game performance. Investor attention is centered on updates about the highly anticipated Grand Theft Auto VI, especially pre-orders and the timing of GTA VI Online. Despite mobile revenue pressures, the NBA 2K franchise is expected to meet expectations, and overall engagement remains stable ahead of GTA VI. Analysts maintain a 'Buy' rating with a $300 price target, anticipating strong sales for GTA VI in fiscal 2027.