Four days after Take-Two Interactive Software disappointed investors and gamers by announcing a delay for its highly anticipated "Grand Theft Auto 6," the company released the second trailer for the video game. TTWO stock jumped on the news.
Take-Two studio Rockstar Games released the cinematic trailer for the criminal saga on Tuesday. It released the first trailer for "GTA 6" in December 2023.
"GTA 6" originally was due for release in fall 2025, but Take-Two revealed Friday that the game will come out on May 26, 2026. TTWO stock initially fell but soon rebounded as Wall Street analysts said the drop created a buying opportunity for investors to own a high-quality name in the video game space.
On the stock market today, TTWO stock climbed 2.9% to close at 231.84.
The new trailer further whet the appetites of gamers and showed them what they're waiting for.
Raymond James analyst Andrew Marok said the trailer "shows the wait should be worth it."
"Alongside the trailer, Rockstar Games also revealed an equally grandiose homepage that displays detailed plot and character descriptions, and we like what we see," he said in a client note.
Marok reiterated his outperform rating on TTWO stock with a price target of 240.
TTWO reached an all-time high of 238 on Thursday before Take-Two announced the delay for "Grand Theft Auto 6."
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