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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TTWO:
- What You Missed This Week in Video Games
- TTWO and MCK: 2 Stocks with Potential to Outplay the Market in 2024
- Nintendo starts resricting online play for Wii U and 3DS, Engadget says
- Take-Two Interactive Stock (NASDAQ:TTWO): A “Strong Buy,” Even Before GTA VI Release
- Communications Stocks: Can the Sector Live Up to META’s Gains?