Upside case
Bull case
$23-90.5%
The bull case prices TTWO at 3x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
Analysis OverviewBuyUpdated Jun 18, 2026
Take-Two Interactive Software, Inc. (TTWO) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
56
analysts
44 bullish · 0 bearish · 56 covering TTWO
Strong Buy
0
Buy
44
Hold
12
Sell
0
Strong Sell
0
Consensus Target
$287
+20.1% vs today
Scenario Range
$11 – $23
Model bear to bull value window
Coverage
56
Published analyst ratings
Valuation Context
35.6x
Forward P/E · Market cap $44.4B
TTWO price targets
Three scenarios for where TTWO stock could go
Current
~$239
Confidence
48 / 100
Updated
Jun 18, 2026
Where we are now
Current · $239
Bear
$11
Base
$17
Bull
$23
Market caseClosest to today
Base case
$17-92.8%
At 3x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$11-95.4%
If investor confidence fades or macro conditions deteriorate, a 34x multiple contraction could push TTWO down roughly 95% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Take-Two Interactive Software, Inc.
TTWO · NASDAQTechnologyElectronic Gaming & MultimediaMarch year-end
Take-Two Interactive is a leading video game publisher that develops and markets interactive entertainment across consoles, PC, and mobile platforms. It generates revenue primarily through game sales — with its Rockstar Games division (Grand Theft Auto, Red Dead Redemption) contributing roughly 50% of net bookings — plus in-game purchases and recurrent consumer spending. The company's moat lies in its iconic, culturally dominant franchises that command premium pricing and generate decades of recurring revenue through sequels and online services.
Market Cap
$44.4B
Revenue TTM
$6.7B
Net Income TTM
-$298M
Net Margin
-4.5%
TTWO Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
75%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+77.2%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.61/$0.28
Revenue
$1.5B/$1.3B
Q4 2025
EPS
$1.46/$0.94
Revenue
$1.8B/$1.7B
Q1 2026
EPS
$1.23/$0.83
Revenue
$1.8B/$1.6B
Q2 2026
EPS
$0.80/$0.56
Revenue
$1.6B/$1.5B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.61/$0.28 | +115.9% | $1.5B/$1.3B | +14.6% |
| Q4 2025 | $1.46/$0.94 | +55.5% | $1.8B/$1.7B | +2.6% |
| Q1 2026 | $1.23/$0.83 | +47.7% | $1.8B/$1.6B | +10.9% |
| Q2 2026 | $0.80/$0.56 | +42.1% | $1.6B/$1.5B | +2.2% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$8.1B
+22.2% YoY
FY2
$9.4B
+15.1% YoY
EPS Outlook
FY1
$0.78
+148.4% YoY
FY2
$0.96
+23.6% YoY
Trailing FCF (TTM)$450M
FCF Margin: 6.8%
Next Earnings
August 10, 2026
Expected EPS
$0.31
Expected Revenue
$1.4B
TTWO beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
TTWO Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2026
Total disclosed revenue $6.7B
Product Mix
Latest annual revenue by segment or product family
Mobile
50.1%
+13.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
59.2%
+15.7% YoY
Tap, hover, or focus a slice to inspect segment detail.
Mobile is the largest disclosed segment at 50.1% of FY 2026 revenue, up 13.3% YoY.
UNITED STATES is the largest reported region at 59.2%, up 15.7% YoY.
TTWO Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Expensive versus peers
Fair value est. $48 — implies -79.8% from today's price.
Premium to Fair Value
79.8%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
TTWO
-147.7x
vs
S&P 500
24.4x
704% discount
vs Technology Trailing P/E
TTWO
-147.7x
vs
Technology
29.0x
609% discount
vs TTWO 5Y Avg P/E
Today
-147.7x
vs
5Y Average
42.9x
444% discount
Forward PE
35.6x
S&P 500
18.8x
+89%
Technology
22.3x
+60%
5Y Avg
—
—
Trailing PE
-147.7x
S&P 500
24.4x
-704%
Technology
29.0x
-609%
5Y Avg
42.9x
-444%
PEG Ratio
—
S&P 500
1.66x
—
Technology
1.51x
—
5Y Avg
—
—
EV/EBITDA
37.6x
S&P 500
15.2x
+147%
Technology
16.6x
+126%
5Y Avg
39.7x
-5%
Price/FCF
96.3x
S&P 500
20.7x
+365%
Technology
19.2x
+401%
5Y Avg
130.0x
-26%
Price/Sales
6.7x
S&P 500
3.1x
+116%
Technology
2.4x
+174%
5Y Avg
5.1x
+32%
Dividend Yield
—
S&P 500
1.91%
—
Technology
1.11%
—
5Y Avg
—
—
| Metric | TTWO | S&P 500 | Technology | 5Y Avg TTWO |
|---|---|---|---|---|
| Forward PE | 35.6x | 18.8x+89% | 22.3x+60% | — |
| Trailing PE | -147.7x | 24.4x-704% | 29.0x-609% | 42.9x-444% |
| PEG Ratio | — | 1.66x | 1.51x | — |
| EV/EBITDA | 37.6x | 15.2x+147% | 16.6x+126% | 39.7x |
| Price/FCF | 96.3x | 20.7x+365% | 19.2x+401% | 130.0x-26% |
| Price/Sales | 6.7x | 3.1x+116% | 2.4x+174% | 5.1x+32% |
| Dividend Yield | — | 1.91% | 1.11% | — |
TTWO trades above S&P 500 benchmarks on 4 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolTTWO Financial Health
Verdict
Stressed
Key financial metrics for TTWO are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$6.7B
Revenue Growth
TTM vs prior year
+18.2%
Gross Margin
Gross profit as a share of revenue
57.2%
Operating Margin
Operating income divided by revenue
-0.9%
Net Margin
Net income divided by revenue
-4.5%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-1.61
Free Cash Flow (TTM)
Cash generation after capex
$450M
FCF Margin
FCF as share of revenue — the primary cash quality signal
6.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-1.3%
ROA
Return on assets, trailing twelve months
-3.0%
Cash & Equivalents
Liquid assets on the balance sheet
$1.5B
Net Debt
Total debt minus cash
$1.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
3.1× FCF
~3.1 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
-8.6%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
186M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageTTWO Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Mixed Financial Results
Stock performance has stagnated due to mixed reactions to fiscal 2026 results and concerns about fiscal 2027 outlook.
Medium
Revenue Growth Uncertainty
Despite a 22.2% revenue growth projection, there are concerns about the sustainability of growth given competitive pressures.
Medium
Earnings Pressure
EPS FY+1 is projected at $0.78, indicating potential earnings challenges ahead.
Lower
Analyst Target Variability
Analyst price targets and algorithmic projections show divergence, reflecting uncertainty in the stock's future performance.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why TTWO Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Strong revenue growth
Take-Two Interactive reported full-year revenue rising to US$6,656.4 million with a shrinking net loss, indicating improving financial performance.
Upbeat fiscal guidance
Management issued guidance for fiscal 2027 projecting total net revenue of US$7.90 billion to US$8.10 billion, signaling confidence in future growth.
Bullish investor sentiment
Multiple bullish theses on Take-Two Interactive highlight positive investor sentiment and potential upside in the stock.
Attractive valuation metrics
TTWO's forward P/E of 28.25 suggests a reasonable valuation given its growth prospects and industry position.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
TTWO Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$239.28
52W Range Position
67%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$187.63
+27.5% from the low
52-Week High
$264.79
-9.6% from the high
1 Month
-1.19%
3 Month
+17.17%
YTD
-4.9%
1 Year
+0.3%
3Y CAGR
+19.8%
5Y CAGR
+6.9%
10Y CAGR
+20.3%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
TTWO vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
35.6x
vs 15.8x median
+125% above peer median
Revenue Growth
+22.2%
vs +12.6% median
+76% above peer median
Net Margin
-4.5%
vs -10.5% median
+57% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
TTW TTWO Take-Two Interactive Software, Inc. | $44.4B | 35.6x | +22.2% | -4.5% | Buy | +20.1% |
EA EA Electronic Arts Inc. | $50.6B | 23.5x | +6.7% | 11.8% | Hold | -14.6% |
PLT PLTK Playtika Holding Corp. | $1.3B | 8.1x | +6.0% | -10.5% | Hold | +0.3% |
GLX GLXG Galaxy Payroll Group Limited | $3M | — | — | 9.7% | — | — |
RBL RBLX Roblox Corporation | $36.9B | — | +35.0% | -20.7% | Buy | +65.2% |
NCT NCTY The9 Limited | $23M | — | +18.5% | -78.9% | Sell | — |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
TTWO Dividend and Capital Return
TTWO does not currently return meaningful capital to shareholders.
Dividend UnknownFCF Unknown
Total Shareholder Yield
0.0%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
186M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2008 | $0.00 | — | 0.0% | 0.0% |
FAQ
7 questionsTTWO Investor Questions
Common questions answered from live analyst data and company financials.
01Is Take-Two Interactive Software, Inc. (TTWO) stock a buy or sell in 2026?
Take-Two Interactive Software, Inc. (TTWO) is rated Buy by Wall Street analysts as of 2026. Of 56 analysts covering the stock, 44 rate it Buy or Strong Buy, 12 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $287, implying +20.1% from the current price of $239. The bear case scenario is $11 and the bull case is $23.
02What is the TTWO stock price target for 2026?
The Wall Street consensus price target for TTWO is $287 based on 56 analyst estimates. The high-end target is $300 (+25.4% from today), and the low-end target is $280 (+17.0%). The base case model target is $17.
03Is Take-Two Interactive Software, Inc. (TTWO) stock overvalued in 2026?
TTWO trades at 35.6x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Take-Two Interactive Software, Inc. (TTWO) stock in 2026?
The primary risks for TTWO in 2026 are: (1) Mixed Financial Results — Stock performance has stagnated due to mixed reactions to fiscal 2026 results and concerns about fiscal 2027 outlook. (2) Revenue Growth Uncertainty — Despite a 22. (3) Earnings Pressure — EPS FY+1 is projected at $0. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Take-Two Interactive Software, Inc.'s revenue and earnings forecast?
Analyst consensus estimates TTWO will report consensus revenue of $8.1B (+22.2% year-over-year) and EPS of $0.78 (+148.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $9.4B in revenue.
06When does Take-Two Interactive Software, Inc. (TTWO) report its next earnings?
Take-Two Interactive Software, Inc. is expected to report its next earnings on approximately 2026-08-10. Consensus expects EPS of $0.31 and revenue of $1.4B. Over recent quarters, TTWO has beaten EPS estimates 75% of the time.
07How much free cash flow does Take-Two Interactive Software, Inc. generate?
Take-Two Interactive Software, Inc. (TTWO) generated $450M in free cash flow over the trailing twelve months — a free cash flow margin of 6.8%. TTWO returns capital to shareholders through and share repurchases ($0 TTM).