“Weakness in Take-Two Interactive is an opportunity,” we said on May 15.
At the time, Take-Two Interactive (SYM: TTWO) traded at around $146. Today, it’s up to $154.40 and running. All on news it just set a Fall 2024 release date for its much-anticipated Grand Theft Auto VI.
Helping, analysts at Citi recently upgraded TTWO to a buy rating, with a price target of $200.
“Based on pricing for Grand Theft Auto V, historical performance and recent company commentary, bookings for GTA VI could be between $2.6B and $2.9B. In the most bullish scenario, shares could hit $235,” said the firm, as noted by Seeking Alpha.
With the latest GTA VI release news, TTWO shares were up $5 on Friday morning.