GTA VI Trailer Unveils 2025 Launch, Analysts Bullish On Take-Two's Future
Portfolio Pulse from Franca Quarneti
The release of the Grand Theft Auto VI trailer before its scheduled time led to a post-market decline in Take-Two Interactive Software Inc's (NASDAQ:TTWO) shares by approximately 7%. Despite the drop, analysts remain bullish on TTWO's future, with Oppenheimer Analyst Martin Yang giving an Outperform rating and a price target of $170 based on a valuation model. Raymond James analyst Andrew Marok also maintained an Outperform rating, noting a slight delay in GTA VI's release to 2025 but maintaining a positive outlook on the game's potential success. The trailer has garnered significant attention, becoming the second most-viewed video game trailer on YouTube.
December 05, 2023 | 6:50 pm
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POSITIVE IMPACT
Take-Two Interactive Software Inc's shares experienced a post-market drop after the GTA VI trailer release but analysts remain optimistic, with a price target of $170 from Oppenheimer and continued Outperform ratings.
The initial drop in TTWO's stock price is likely a short-term reaction to the unexpected trailer release. Analysts' bullish stance and the high viewership of the trailer suggest positive sentiment that could lead to a rebound in the stock price. The Outperform ratings and the $170 price target by Oppenheimer indicate confidence in the company's long-term prospects, especially with the anticipated success of GTA VI.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100