Wall Street Is Leaning Bullish Into Take-Two's Q1 Print: Where the Analysts Stand Before the First GTA 6 Preorder Read
Take-Two reports Q1 fiscal 2027 before the bell, and analysts have been nudging their price targets higher into the print. The quarter itself will be a loss, so the real signal is the guidance and any read on GTA 6 preorders. Here is where the Street stands.
Take-Two reports its first-quarter fiscal 2027 results before the market opens, and going into the print, Wall Street is leaning bullish. The quarter itself is set to be a quiet, loss-making one, but that is not what analysts are positioning around. They are looking past it to the first official read on GTA 6 preorders and the full-year outlook, and several have been nudging their price targets higher on the way in. Here is where the Street actually stands ahead of the report.
The setup
Take-Two reports before market open with an 8:00 a.m. ET conference call. The quarter it covers ended June 30, which makes it the first report to include the GTA 6 preorder window that opened on June 25.
The quarter itself is expected to be soft by design. Analysts model a per-share loss (consensus sits near a $0.30 loss) on revenue around $1.35 billion, in line with the company's own guidance for a small GAAP loss and net bookings of roughly $1.32 billion to $1.37 billion. GTA 6 has not shipped, so this is a placeholder quarter. The numbers that matter are the full-year guidance and anything management says about preorders.
Analysts are bullish going in
The consensus rating on Take-Two is a Strong Buy, with the large majority of covering analysts at Buy and only a single Sell on the board. The average 12-month price target sits around $290, in the high-$280s to mid-$290s depending on the tracker, which implies double-digit upside from where the stock has been trading.
Just as telling is the direction. Targets have been drifting up into the print rather than down. Wells Fargo's Alec Brondolo, for example, reiterated an Overweight rating and lifted his target to $289 from $287, and the run of recent forecast changes from top-rated analysts skews almost entirely to the upside. Some longer-term models go a good deal higher still, with one fair-value estimate raised to around $344 on richer margin and multiple assumptions tied to GTA 6 pricing and live-service monetization.
Why the optimism, and where the risk sits
The bull case is simple: it is GTA 6. The November 19 launch anchors a record fiscal 2027, with Take-Two guiding full-year net bookings to $8.0 billion to $8.2 billion and a swing back to profitability. Analysts point to enormous pent-up demand and the strongest preorder signals the industry has seen as the reason to look through a weak first quarter.
The risk is the flip side of the same coin. This is a one-title year, and the guidance already sits below the most aggressive Street models, so there is real execution risk if early demand or engagement disappoints. For the fuller picture of that bet, see our look at how GTA 6 turns a losing year into an $8 billion one.
What could move the stock
Options pricing implies a move of roughly 7.7% in either direction on the report, per Bloomberg data, so this is a print the market expects to be eventful. The three things worth watching:
- Full-year guidance: held at $8.0 to $8.2 billion, raised, or trimmed.
- Any hard preorder figure or Zelnick commentary on GTA 6 demand. This is the headline for gamers and investors alike.
- The November 19 date, and whether management reaffirms it without hedging.
For the exact time and the specific numbers to track live, see our how-to-watch guide.
The bottom line
Into the print, the Street is overwhelmingly bullish and quietly lifting targets, but the quarter it is reporting is a placeholder before the November launch does the real work. Expect a loss, watch the guidance, and treat any concrete GTA 6 preorder detail as the actual story. The optimism is real, and so is the pressure to deliver on it.
