Investors may want to keep an eye on Take-Two Interactive (TTWO). The gaming stock could push even higher, as millions of gamers wait for the release of Grand Theft Auto VI—one of the most anticipated game releases.
TTWO could still push higher in anticipation of the Grand Theft Auto VI release. BMO Capital analysts also just initiated an outperform rating on TTWO with a price target of $200 a share.
As noted by TheFly.com, “The analyst says the company’s Grand Theft Auto is among the largest and most profitable entertainment franchises in history. The setup for GTA VI ‘looks exceptional’ as console sales surge after COVID-19-era supply chain issues were resolved in mid-2023, the analyst tells investors in a research note. BMO thinks GTA VI could sell 30M units in calendar Q1 of 2025.”