GTA 6 Could Sell 35 Million Copies By April 2027, Report Says
Gamespot
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The research firm Piper Sandler has https://x.com/AIStockSavvy/status/2061761912094814386">released a new investor report covering Take-Two, the owner of Rockstar Games and the GTA franchise.
The report gave Take-Two's stock a https://www.investopedia.com/ask/answers/050115/why-do-analysts-sometimes-give-overweight-recommendation-stock.asp" id="https://www.investopedia.com/ask/answers/050115/why-do-analysts-sometimes-give-overweight-recommendation-stock.asp">"overweight" rating (which implies growth potential), with Piper Sandler setting a new price target for the stock of $280.
The company's stock closed at $226.98 on June 1.
Take-Two's all-time high is about $265, so Piper's prediction would beat that.
What's driving the enthusiasm?
GTA 6, of course.
Piper Sandler said some of the near-term catalysts for Take-Two's stock includes a third GTA 6 trailer, preorders going live, and the game's marketing campaign kicking off.
Piper Sandler predicted GTA 6 to reach sales of about 35 million units by April 2027, which would amount to about a 30% attach rate on PS5 and Xbox Series X|S, the firm estimated.
DFC Intelligence, meanwhile, https://www.gamespot.com/articles/gta-5-could-make-3-billion-in-first-year-alone/1100-6528605/" id="https://www.gamespot.com/articles/gta-5-could-make-3-billion-in-first-year-alone/1100-6528605/">previously predicted 40 million sales for GTA 6 over its first 12 months.
After launch, GTA 6 could benefit from whatever GTA Online brings to market, along with a second wave of sales when the game comes to PC and https://www.gamespot.com/articles/playstation-6-everything-we-know-about-sonys-next-generation-console/1100-6533561/" id="https://www.gamespot.com/articles/playstation-6-everything-we-know-about-sonys-next-generation-console/1100-6533561/">PS6 and https://www.gamespot.com/articles/next-xbox-release-date-specs-display-price/1100-6525379/" id="https://www.gamespot.com/articles/next-xbox-release-date-specs-display-price/1100-6525379/">Project Helix, Piper Sandler said.
To be sure, Rockstar has not made any announcements about bringing GTA 6 to next-gen platforms, nor has the developer said a peep about GTA 6's online mode.
These predictions make sense, given GTA Online for GTA 5 has been, and continues to be, a money-printer for Rockstar.
Regarding the possibility of expanding to next-gen platforms, that would also fall in line with Rockstar's established playbook.
After all, GTA 5 first launched in 2013 on PS3 and Xbox 360 before later getting new versions for PS4 and Xbox One, and then PS5 and Xbox Series X|S.
Additionally, Piper Sandler said it sees a rosy future for GTA 6 (and Take-Two's stock, in return) because "modern live-streaming platforms" like Twitch may be able to help drive even more interest in GTA 6 and convince more people to buy the game.
Services like Twitch and other video streaming platforms did exist when GTA 5 was released in 2013, but they have grown substantially larger and more influential since then.
Beyond expected success from GTA 6, Piper Sandler said Take-Two is looking like a good investment right now because the company's mobile division, Zynga, is improving its business.
Additionally, Piper Sandler said Take-Two's ability to get more money out of people with its "recurring consumer spending" strategies in games like GTA and NBA 2K is a sign of strength.
"In a consolidating media landscape, Take-Two stands out as a scarce, high-value asset with significant long-term appreciation potential," Piper Sandler said.
GTA 6 launches on November 19 for PS5 and Xbox Series X|S.