Take-Two Interactive Software Inc is trading 4.3% up at $237.93 in pre-market, extending a strong weekly rally following a bullish demand outlook for Grand Theft Auto VI.
- Piper Sandler reiterated an Overweight rating and set a $280 price target, projecting over 45 million GTA VI units will be sold at launch.
- Optimism surrounding the sales potential of the upcoming blockbuster and a broadly stronger equity market are supporting renewed buying interest.
- The stock continues to gain momentum as investors price in the long-term revenue impact of the next Grand Theft Auto installment.