Take-Two Interactive Software's will get a big boost due to the release of the widely awaited video game "Grand Theft Auto VI," according to Piper Sandler. The investment firm initiated coverage of the video game maker with an overweight rating. It also put a $280 price target on shares, implying 23% upside from Monday's close. "Grand Theft Auto (GTA) 6 could be one of the greatest entertainment launches of all-time," analyst James Callahan said in a note to clients. "We also see an improving mobile franchise + public market scarcity value. On key debates, our analysis suggests investors ignore the 'buy the hype, sell the news' narrative." The newest installment in the long-running "Grand Theft Auto" is slated to hit shelves in November, although it has faced significant delays and setbacks. Its release date has been pushed back several times, making it one of the most widely anticipated launches in the history of the video game industry. However, the game is slated to perform well when it launches, if history is any indication. Its predecessor, "Grand Theft Auto V," has sold millions of units worldwide. Piper Sandler's call falls in line with consensus on the Street. Of the 31 analysts covering Take-Two Interactive Software, 29 have a buy or strong buy rating on the stock, LSEG data shows. Shares have fallen 11% in 2026.
