Piper Sandler Backs Take Two Stock With Prediction of Historic Grand Theft Auto Launch

Key Stats for Take Two Stock

• Price change for Take Two stock: 6%
• $TTWO Share Price as of Jun. 16: $230
• 52-Week High: $265
• $TTWO Stock Price Target: $279

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What Happened?

Take Two (TTWO) stock jumped more than 6% on Tuesday after Piper Sandler reiterated its Overweight rating and kept its $280 price target in place.

The catalyst was fresh analyst work suggesting that Grand Theft Auto VI could sell over 45 million units at launch.

Piper built that estimate using Reddit data. The firm analyzed subreddit traffic across roughly 15 major game releases and used the r/GTA6 community’s weekly visitor numbers to project launch demand.

The numbers are striking. If accurate, a 45 million unit launch would make GTA VI one of the biggest entertainment releases in history.

The analyst also pushed back on one of the more common concerns surrounding Take Two stock — that GTA VI would eat into the company’s mobile gaming revenues. Piper disagrees.

The firm’s view is that console GTA players and mobile casual gamers are largely different audiences and unlikely to meaningfully overlap.

The timing of this report aligns with an important stretch for Take Two stock.

• Rockstar Games is expected to begin its full marketing campaign for GTA VI this summer.
• A third trailer and pre-order announcements are among the upcoming catalysts Piper flagged as potential stock movers between now and the November launch.

The underlying business is also performing well.

• Take-Two’s FY2026 net bookings hit $6.72 billion — roughly $750 million above where management initially guided at the start of the year.
• NBA 2K, GTA Online, and Zynga’s mobile titles all beat expectations.
• For FY2027, the company is guiding for $8 to $8.2 billion in net bookings and expects to be in a net cash position by year-end.

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What the Market Is Telling Us About Take Two Stock

Take Two stock is clearly being treated as a GTA VI trade right now.

Piper notes that shares still trade below their 10-year forward earnings average, which the firm sees as a buying opportunity given what’s coming in November.

That said, Take Two stock remains down nearly 9% year-to-date.

Some institutional investors stepped back earlier in the year over AI concerns. Piper views that as an opening — particularly for long-only investors willing to hold through the launch.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!