TTWO
Take-Two Interactive Software Inc
NASDAQ: TTWO · COMMUNICATION SERVICES · ELECTRONIC GAMING & MULTIMEDIA
$211.75
-0.16% today
Updated 2026-06-12
Market cap
$39.31B
P/E ratio
—
P/S ratio
5.91x
EPS (TTM)
$-1.63
Dividend yield
—
52W range
$188 – $265
Volume
2.1M
Take-Two Interactive Software Inc (TTWO) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed TTWO price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$211.75
Today
Analyst consensus
$287.93
+35.98% · 12M
2030 Base
$320.73
+51.47% future
NPV today
$207.56
@ 10% WACC
27 analysts:
15 Buy1 Hold2 Sell
Management guidance
Take-Two has not issued specific multi-year revenue guidance, but CEO Strauss Zelnick has emphasized Grand Theft Auto VI as the cornerstone of a transformative fiscal 2027+. The company expects GTA VI (November 2026 launch) to drive significant recurrent consumer spending and bookings uplift starting in Q4 FY2026. Management has invested $1.5B in GTA VI development, signaling confidence in blockbuster returns and sustained franchise momentum through the forecast period.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
TTWO · Take-Two Interactive Software Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$216.85
NPV today: $140.33
Base case (2030)
$320.73
NPV today: $207.56
Bull case (2030)
$736.24
NPV today: $476.45
WallStSmart.com
TTWO financial forecast · Research-backed projections
| Metric | 2026 | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|
| Revenue | $6.7B | $10.8B | $14.2B | $17.1B | $19.8B |
| Revenue growth | 18.2% | 51.0% | 31.5% | 20.4% | 15.8% |
| Net margin | — | 16.1% | 19.7% | 21.6% | 22.9% |
| EPS | $4.10 | $9.25 | $14.80 | $19.50 | $23.75 |
| Diluted shares | — | 188M | 189M | 190M | 191M |
| Net debt | — | $31.53M | $-458.91M | $-1.05B | $-1.73B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $172.55 | $228.17 | $276.02 | $320.73 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $19.8B | $19.8B | $19.8B |
| P/S multiple | 2.0x | 3.0x | 7.0x |
| Diluted shares | 191M | 191M | 191M |
| Net debt | $-1.73B | $-1.73B | $-1.73B |
| Implied P/E † | 9x | 14x | 31x |
| 2030 Price | $216.85 | $320.73 | $736.24 |
| NPV @ 10% | $140.33 | $207.56 | $476.45 |
† Implied P/E: Multiples remain elevated across all three scenarios because TTWO is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $320.73 base case
TTWO catalysts and risks
Growth catalysts
+ Grand Theft Auto VI launch November 2026 — largest game launch of the decade with 25M+ day-one sales expectations
+ GTA VI recurrent consumer spending (in-game currency, battle passes, cosmetics) ramping FY2027-2028 with potential $2B+ annual run-rate
+ NBA 2K and WWE 2K franchise mobile/console expansion driving steady 8-12% organic growth
+ Zynga/mobile gaming portfolio (Words with Friends, Zynga Poker) expanding audience monetization
+ Potential M&A tuck-ins in AI-assisted game development or indie studio acquisitions
Key risks
- GTA VI launch execution risk — technical issues, player reception, or marketing shortfall could reduce bookings by 20-40%
- Recurrent revenue over-reliance — if GTA VI RCS fails to sustain $2B+ annually, outer-year revenue growth decelerates sharply to 5-8%
- Competitive pressure from Fortnite/Call of Duty franchise and free-to-play market cannibalization
- AI-driven game development shifts reducing headcount / margin expansion delays (currently -60% net margin)
- Macro slowdown reducing consumer spending on premium games and in-game monetization in 2028-2030
- Regulatory risk on loot boxes, in-game monetization, and age-gating mechanics
Methodology · Take-Two Interactive Software Inc 2030 stock forecast model
Take-Two Interactive Software Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 27 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (3% cumulative for TTWO by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-1.73B by 2030) |
| 3. Time value | NPV calculated using 10% WACC (CAPM: beta 0.973) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 3.0x / bull 7.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
TTWO price target FAQ
What is the TTWO price target for 2030?
WallStSmart's Take-Two Interactive Software Inc 2030 base case is $320.73 per share, with a bull case of $736.24 and bear case of $216.85. The NPV of the base case discounted to today at 10% WACC is $207.56.
How is the Take-Two Interactive Software Inc 2030 stock forecast calculated?
The TTWO 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the TTWO price target account for dilution?
Take-Two Interactive Software Inc is projected to grow diluted share count from 186M to 191M by 2030 (a 3% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 3%.
What is the analyst consensus on TTWO stock?
27 analysts cover TTWO with an average 12-month price target of $287.93. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.