BUZZ-Take-Two rises as BofA sees stronger 'GTA VI' online spending

Take-Two Interactive Software, Inc.

Take-Two Interactive Software, Inc.

TTWO

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** Shares of videogame publisher Take-Two Interactive TTWO.O rise ~1% to $241.9 premarket

** BofA raises PT to $368 from $320, implying about 54% upside to stock's last close

** Brokerage lifts FY28 "GTA Online" bookings forecast by about $900 mln to $2.2 bln

** "We think the next GTAO (GTA Online) should monetize at least as well as 'Fortnite' because its 'pay-to-progress' model should incentivize higher average player spend than 'Fortnite's' purely cosmetic model," says BofA

** 30 of 32 brokerages rate stock "buy" or higher, two "hold"; median PT is $280 - LSEG data

** Up to last close, stock down about 7% YTD


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