GTA VI Effect?Take Two Interactive, while on the downward sloping trend has formed a cup & handle pattern and successfully managed to break out of the range. The arrival of next Grand Theft Auto series is likely to push the stock up as it is likely to be one of the best selling titles in the gaming industry.
The stock has many supporting reasons to drive its price higher as we may see the continuation of GTA Online (for both V & VI) which has been a massive success amongst the community and also for Rockstar as it has helped generate regular income from its business model. Other than being the best GTA ever, it will incorporate features from other successful titles such as Red Dead Redemption 2, which arguably had better graphics than GTA V & all other games from the parent company in the past. We may also see Rockstar borrowing elements from RDR 2 like character physics & animals such as horses which have never been present in GTA before. This will be biggest & best release ever from the GTA series unlike Apple claiming their Iphone to be which is merely different from its previous iterations.
Moreover, the stock is down from its all time high and thus we can expect to see it breaking its previous highs with the next GTA on its cards. The stock looks good for a long term holding as Rockstar has high estimates from its upcoming titles in 2024-25 and none other than next GTA can achieve this level of sales. Rockstar has other upcoming titles too in the pipeline that may contribute to their success in the future.
