Take-Two (TTWO) Stock: Is the 7% Dip a Buying Opportunity Before GTA VI Launches?

TLDR

• Take-Two stock fell 6.7% to $219.70, making it the fifth worst performer in the S&P 500 on Monday
• Analysts say the drop was driven by delay rumors, not GTA VI leaks
• The GTA VI gameplay video pulled 31.1 million Netflix views, ranking No. 1 in 87 of 93 tracked countries
• Bank of America says another delay is unlikely given the full gameplay trailer is now out
• Wall Street has a Strong Buy on TTWO with an average price target of $297.29

Take-Two stock took a hit on Monday, sliding 6.7% to $219.70 after rumors circulated that Grand Theft Auto VI could face another delay.

Take-Two Interactive Software, Inc., TTWO

Many online pointed to leaked GTA VI gameplay clips as the cause of the sell-off. But analysts pushed back on that theory.

Nick McKay, senior research analyst at Freedom Capital Markets, said the drop came from delay speculation, not the leaks themselves. He called those rumors “low-quality” in a Monday note.

McKay also pointed out that Rockstar Games official Rob Nelson confirmed the game is still on track in an Aug. 28 Famitsu interview.

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