Piper Sandler Reaffirms Overweight Rating on Take-Two Interactive Ahead of GTA 6 Launch
Piper Sandler has reiterated its overweight rating and $290 price target for Take-Two Interactive (TTWO), driven by optimistic consumer demand projections for the upcoming Grand Theft Auto VI. The brokerage's analysis is supported by a large-scale survey of approximately 9,000 consumers, which suggests significant market appetite for the title. The firm anticipates that GTA 6 could achieve launch sales of up to 45 million units. This high demand profile is expected to serve as a major catalyst for Take-Two's financial performance following its scheduled release on November 19.
Tickers: $TTWO
Topics: Gaming Industry Product Demand Stock Ratings
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Part of the story Grand Theft Auto VI Achieves Record Pre-order Numbers on PlayStation and Xbox Stores (6 articles)