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By Sam Boughedda
Investing.com — Shares of Take-Two Interactive Software program Inc (NASDAQ:) gained greater than 6.6% Friday after Rockstar Video games stated that they’re at present growing the subsequent installment of the Grand Theft Auto videogame collection.
“With each new challenge we embark on, our objective is all the time to considerably transfer past what we have now beforehand delivered — and we’re happy to verify that lively growth for the subsequent entry within the Grand Theft Auto collection is properly underway,” Rockstar stated in a press launch.
“A lot of you could have been asking a couple of new entry within the Grand Theft Auto collection. With each new challenge, our objective is all the time to considerably transfer past what we have beforehand delivered. We’re happy to verify that lively growth for the subsequent entry within the collection is underway,” Rockstar tweeted.
Rockstar, a wholly-owned subsidiary of Take-Two Interactive, additionally stated Grand Theft Auto V and Grand Theft Auto On-line will likely be on the PlayStation 5 and Xbox Sequence X|S platforms on March 15.
Following the announcement, Jefferies analyst Andrew Uerkwitz reiterated a Purchase ranking and $231 value goal on Take-Two, telling traders that they need to achieve confidence from the announcement and he sees Take-Two as a franchise choose.
As well as, Benchmark analyst Mike Hickey reiterated a Purchase ranking and $200 value goal. Hickey stated in a word that he believes GTA 6 will likely be launched in FY24-FY25 and “ought to result in explosive development.”
TTWO shares are at their highest degree since they introduced the deliberate acquisition of Zynga (NASDAQ:) on January tenth.
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