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Take-Two Shares Soar Due to GTA 6 Hype

Take-Two-Shares-Soar-Due-to-GTA-6-Hype

GTA 6 isn’t even out yet and it’s already raking in cash for Take-Two

Take-Two shares have soared to a 19-month high since the official announcement of the new Grand Theft Auto, which was confirmed last week with a trailer expected in early December. Take-Two’s risen 3.7% to more than $156 since the confirmation. This is the publisher’s highest stock price since April of last year.

According to Deutsche Bank analyst Benjamin Soff, Take-Two shares will rise above the original $155 target to at least $175 by the end of the year. Because of the hype and stigma surrounding the popular video game franchise, Grand Theft Auto will be the catalyst for this price increase.

Grand heft Auto VI will boast the latest and greatest vehicles.

We’ve already seen the game’s buzz take over social media. Rockstar Games’ official confirmation post on X has now become the most popular video game tweet of all time. It has received over 174 million views, 1.5 million likes, and over 500k reposts’.

Keep in mind that we haven’t seen anything official regarding GTA 6. Previous leaks, which reportedly rocked the internet in 2022, were based on the game, but Rockstar has yet to share any official gameplay.

Analysts anticipate that Take-Two will release GTA 6 during the company’s fiscal year 2025, which begins in March 2024 and ends in March 2025. Another analyst believes the game will be released before the end of March 2024, as Take-Two intends to release it before the end of its current fiscal year.

This would be consistent with recent rumours that GTA 6 would be released before the end of March next year. However, rumours are just that, so take them with a grain of salt. Take-Two expects to reveal the next Grand Theft Auto game in “early December.” It remains to be seen whether or not that announcement will include a release date.

The announcement could come during The Game Awards, which are also scheduled.