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.
Helping, 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.”
Analysts like TTWO here, too.
JP Morgan, for example, just raised its price target on the stock to $165 from $162, with an overweight rating. The firm noted, “The company’s fiscal 2025 guidance for $8B-plus in bookings implies a substantial ramp-up in content before March 2025.”