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Take-Two gains after raising annual revenue, profit outlook

By Reuters News

** Shares of video game publisher Take-Two Interactive TTWO.O up 4.87% at $217.5 in premarket trading

** Co on Monday raised its annual revenue and profit forecasts, betting that next week's launch of "Grand Theft Auto VI" will fuel strong demand

** Co raised fiscal 2027 revenue forecast to $7.98 bln-$8.18 bln from $7.90 bln-$8.10 bln and lifted the bottom end of its EPS outlook by 2 cents to 57-75 cents

** J.P. Morgan says "Grand Theft Auto VI" could become the biggest launch in gaming history, with strong unit sales likely to boost fiscal 2027 net bookings, while its online mode could provide a multiyear tailwind to net bookings and adjusted earnings

** 32 of 33 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $285 - LSEG-compiled data

** As of last day's close, stock down ~19 YTD

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