Take-Two’s Stock Seesaws Amid New GTA VI Developments

Published 17 hours agoTTWO

Take-Two’s Stock Seesaws Amid New GTA VI Developments

Take-Two Interactive Software has seen notable fluctuations in its stock price due to updates concerning the release schedule for 'Grand Theft Auto VI' (GTA VI). On December 7, 2023, the company's shares slipped by 1.3% in premarket trading after Bank of America (BofA) downgraded its rating from 'Buy' to 'Neutral', as reported by investing.com. The downgrade was linked to expectations of a delayed game release.

BofA revised its projections for GTA VI, anticipating a launch in fall 2025 instead of the initially expected March 2025. This adjustment prompted BofA to cut its fiscal year 2025 revenue forecast for Take-Two by 20% before August 2024. In response to these updated expectations, Take-Two's stock price fell by 2%, closing at $154.21 on December 7, 2023, according to investing.com.

Despite the initial concerns, Take-Two confirmed in February 2025 that the game would indeed launch in fall 2025, reassuring investors by maintaining its fiscal year outlook. This confidence in the blockbuster game's release likely boosted the company's stock, which climbed to $235.17 as of May 2, 2025. The anticipated release of GTA VI continues to significantly influence Take-Two's market performance and underlying financial forecasts.

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