Take-Two Interactive, one of the world’s largest video game publishers, is preparing for the release of Grand Theft Auto VI on November 19, after 13 years and several delays. Management expects approximately 30 million copies to be sold during the game’s first year, while the author estimates 37 million and possibly more. Take-Two generated approximately $6.7 billion in revenue in fiscal 2026, and revenue is expected to reach roughly $8.5 billion in fiscal 2027, followed by a significant increase in earnings as Grand Theft Auto VI launches. Trading around $212, the stock is valued at approximately 21 times projected fiscal 2028 adjusted earnings, suggesting that the market may be underestimating its growth potential. The two-year price target of $293 implies approximately 35% to 40% upside, although another delay or disappointing sales could pressure the outlook.
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