Shares of video game developer, Take-Two Interactive (NASDAQ: TTWO) surged in pre-market trading on Wednesday after Bloomberg reported that the next highly anticipated version of Grand Theft Auto 6 games could be announced as early as this week.
Rockstar Games, a division of Take-Two Interactive, in celebration of its 25th anniversary, plans to publish a trailer of Grand Theft Auto VI next month, according to the report. Grand Theft Auto‘s earlier version was a remarkable success, with over 185 million copies sold and is the second-best selling video game ever, behind Minecraft.
Take-Two Interactive is expected to announce its fiscal second quarter results today at market close.
Is Take Two a Buy?
Analysts remain bullish about TTWO stock with a Strong Buy consensus rating based on 14 Buys and one Hold. The average TTWO price target of $161.47 implies an upside potential of 18.4% at current levels.
