BMO Capital analyst Brian Pitz raised the firm’s price target on Take-Two (TTWO) to $240 from $190 and keeps an Outperform rating on the shares. The firm estimates the company selling 45M GTA VI units when the title launches in the fall of 2025, implying 35% penetration among the 130M PS5 / X-box X/S owners, the analyst tells investors in a research note. There was a material increase in franchise interest over the last decade, and BMO anticipates the upcoming launch to be a catalyst for Holiday 2025 console sales, the firm adds.
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