Grand Theft Auto VI is preparing for one of gaming’s biggest launch weeks, with Travis Scott, Cardi B, and Metro Boomin set to headline a massive Miami festival. Meanwhile, Wall Street is betting that the excitement could send Rockstar’s parent company, Take-Two Interactive, sharply higher.
The game arrives on November 19. Two days later, Rockstar and PlayStation will host GTA VI: The Festival at Miami’s Mana Wynwood.
Internet providers are also preparing for unprecedented demand, with Comcast’s Xfinity expecting its busiest network week ever.
For investors, however, the bigger event could unfold on the stock market.
Wall Street Sees Nearly 37% Upside for Take-Two Stock
Take-Two (NASDAQ: TTWO) closed November 9 at $207.40, down 3.48%, despite expectations surrounding GTA 6.
Yet 29 Wall Street analysts have an average 12-month price target of $283.96, suggesting 36.9% upside.
- Bank of America maintains a bullish $330 target.
- JPMorgan expects $310.
- Jefferies forecasts $300.
The optimism comes despite disappointing earnings.
Take-Two’s latest quarterly report showed net bookings falling 18% to $1.60 billion, missing Wall Street estimates. The company also recorded a $54 million net loss.
Still, CEO Strauss Zelnick expects GTA 6 to reverse the company’s fortunes.
“With pre-orders continuing to reach unprecedented levels, we expect to deliver an historic year for our company.”
Take-Two maintained its full-year bookings forecast of $8 billion to $8.2 billion. Meanwhile, Reuters reported that Sensor Tower estimated 7.71 million digital pre-orders by early November.
Could GTA 6 Trigger a Stock Rally Next Week?
The immediate outlook is less certain than Wall Street’s 12-month forecasts.
Analysts have no agreed launch-week price target. Strong opening sales could drive a rally, although investors may also take profits after months of anticipation.
There are already warning signs. BTIG recently cut its price target from $313 to $262, while Bank of America reduced its forecast from $368 to $330.
JPMorgan estimates Take-Two’s annual guidance assumes approximately 34 million GTA 6 sales.
That leaves investors watching whether launch demand exceeds expectations already reflected in the stock.
With billions in projected bookings riding on one release, GTA 6’s opening week could determine Take-Two’s next major move.
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