Piper Sandler's analyst James Callahan highlighted that 'Grand Theft Auto VI' could be a monumental success, suggesting a $280 price target for Take-Two's shares, representing a 23% upside from their recent closing price.
The game, set to release in November, has experienced multiple delays, yet its historical performance indicates strong sales potential, similar to its predecessor, 'Grand Theft Auto V,' which sold millions of copies.
The firm believes that the current market sentiment of 'buy the hype, sell the news' should be disregarded, as they see value in the improving mobile franchise and the scarcity of public market opportunities.
This optimistic outlook aligns with the broader consensus among analysts, with 29 out of 31 recommending a buy or strong buy for Take-Two's stock, despite a recent 11% decline in share price in 2026