Take-Two (TTWO) stock was up on Monday even after new Grand Theft Auto 6 price leaks scared some gamers. Several game stores have opened pre-order pages for GTA 6 early, and the possible price of the game ranges from €69.90 to €99. Converting that to U.S. dollars, gamers in America could expect to pay up to $115 for a copy of the game.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Gamers took to social media to voice their frustrations about the GTA 6 price leaks. If true, this could damage the sales of the game, as a price above $100 would fall outside the typical range of video game prices. However, it would align with calls from analysts, who believe Take-Two and Rockstar Games have the chance to introduce a new standard price for video games with the release of GTA 6.
Of course, gamers might be getting upset over nothing. These are only price leaks, not the confirmed price of GTA 6. In a recent interview, Take-Two CEO Strauss Zelnick talked about ads in the company’s games. He suggested the company wouldn’t include certain ads in a game that players spent $70 or $80 on. This comment could mean the company doesn’t plan to release games above $80.
Take-Two Stock Movement Today
Take-Two stock was up slightly on Monday, but was still down 5.5% year-to-date. However, the shares have rallied 3.32% over the past 12 months.
TTWO stock trading activity today saw some 1.04 million shares change hands, compared to a three-month average daily trading volume of about 1.74 million shares.
Is Take-Two Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Take-Two is Strong Buy, based on 12 Buy ratings over the past three months. With that comes an average TTWO stock price target of $294.75, representing a potential 21.63% upside for the shares.
