As hoped, Take-Two Interactive (TTWO) is gaining momentum.
The last time we mentioned the opportunity, we noted, “We still like it. Especially as it starts to pivot higher solid support, and from over-extensions on RSI, MACD, and Williams’ %R. From a current price of $140.48, we’d like to see TTWO again challenge $152.50. Helping, Barclays analysts just raised their price target on TTWO from $160 to $161 a share. Credit Suisse also just raised its target price to $147 from $128.”
That was on August 28, as TTWO traded at $140.80.
Today, it’s up to $142.92 and could see $150, we believe.
All after CEO Strauss Zelnick hinted at a possible release date for Grand Theft Auto VI. “We leave the announcement of upcoming titles to our labels and we have said we have a very robust pipeline of titles and we have a great outlook for fiscal 2025 where we’ve reiterated our belief that we’ll generate about $8 billion in net bookings,” he said, as quoted by HypeBeast.
They added, “This answer gives fans the hint of a release window between April 1, 2024 and March 31, 2025, with ComicBook adding that GTA VI is one of the few Rockstar titles that could generate a whopping $8 billion US in net bookings.”