Take-Two Interactive's stock fell 5% following Wells Fargo's reduction of near-term earnings and bookings estimates due to weaker performance in its basketball franchise and mobile business. Despite this, Wells Fargo maintained an Overweight rating and a $300 price target, betting on strong sales from the upcoming Grand Theft Auto VI release scheduled for November 19. The market reaction reflects concerns about the company's performance before the game launch, with peers like Roblox and GameStop showing little movement. Investors will watch Take-Two's next quarterly report in early November for updated guidance and to see if the current product lineup can sustain the stock until Grand Theft Auto VI arrives.
Take-Two Interactive shares dropped 4.83% to USD 198.74 on Pluang as of Oct 14, 2026 01:11 WIB, mirroring the article's note of a 5% slide after Wells Fargo cut earnings estimates. Meanwhile, Roblox held steady with a slight gain of 0.65% at USD 49.91, and GameStop edged up 0.77% to USD 27.44, showing minimal movement in the gaming sector on the platform. Pluang order activity for Take-Two remains strongly bullish at 93% buy, reflecting continued investor interest despite recent concerns.
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