Take-Two GTA VI delay ‘not a big surprise,’ says Baird

Calling the news “perhaps in one of the least surprising title release updates,” Baird notes that Take Two announced a delay in the release of Grand Theft Auto VI to May 2026 from Fall 2025. There had been “rampant industry speculation” about a push-back into calendar year 2026, though most of the firm’s industry conversations suggested the game might still fall within FY26, in March, so the fact that Rockstar suggests the extra time is needed to finish the game with a level of quality expected by GTA fans is “not a big surprise,” Baird tells investors. Barring any details that suggest there are “more complex issues dogging the GTA VI release,” the firm would use headline pullbacks opportunistically to add to positions and it maintains an Outperform rating and $210 price target on Take-Two (TTWO) shares.