“Investors may want to keep an eye on Take-Two Interactive (TTWO),” we said on November 3. “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. Helping, CEO Strauss Zelnick hinted at a possible release date for Grand Theft Auto VI.”
At the time, TTWO traded at $137. Today, it’s up to $143.47 and could see higher highs. All in anticipation of the company’s next installment of Grand Theft Auto VI.
Investors are also excited about TTWO earnings, where the company noted: “Our strong second-quarter results, including Net Bookings of $1.4 billion, underscore the strength of our portfolio of iconic, industry-leading intellectual properties. During the period, our teams released new offerings, delivered engaging post-launch content, and advanced further the development of our eagerly-anticipated pipeline,” said Strauss Zelnick, Chairman and CEO of Take-Two.
“While we expect continued macroeconomic uncertainty, we believe that we are well positioned for the holiday season and are reiterating our fiscal 2024 Net Bookings guidance of $5.45 to $5.55 billion.”