Following the start of preorders for GTA 6 and the confirmation of its $80 price point, stock analysts have weighed in with their price targets for shares of Rockstar's owner, Take-Two, and many see a bright future ahead.
Although Take-Two's stock price has actually gone down since GTA 6 preorders began, a number of analysts have issued, or reiterated, major gains.
Take-Two's stock is going to surge, analysts say.
Bank of America analyst Omar Dessouky, who said Rockstar should price GTA 6 at $80 to help convince other companies to hike prices as well, has raised his price target on Take-Two stock from $320 to $368. That would be a significant increase from the $233/share that Take-Two is trading at today.
BMO Capital analyst Brian Pitz, meanwhile, increased his target on Take-Two shares from $280 to $285. TD Cowen's Doug Creutz said he's reiterating his Buy rating for Take-Two and a $284 price target. Drew Crum of B. Riley Securities is forecasting a $300 price target, wh
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