BMO Capital analyst Brian Pitz initiated coverage of Take-Two Interactive Software with an Outperform rating and $200 price target. The analyst says the company’s Grand Theft Auto is among the largest and most profitable entertainment franchises in history. The setup for GTA VI “looks exceptional” as console sales surge after COVID-19-era supply chain issues were resolved in mid-2023, the analyst tells investors in a research note. BMO thinks GTA VI could sell 30M units in calendar Q1 of 2025.
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