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Business
Take-Two Interactive Shares Surge as GTA VI Pre‑orders Exceed Forecasts, UBS Lowers Target
✍️ Asianet Newsable
🗓 11 Nov 2026, 02:17 AM
👁 18
Take‑Two Interactive’s stock drew attention after pre‑orders for GTA VI far outstripped expectations, prompting UBS to cut its price target.
Take‑Two Interactive (TTWO) saw heightened market activity after reports that pre‑orders for Grand Theft Auto VI have significantly surpassed analysts’ forecasts.
UBS analysts, who had previously set a higher price target for the company, revised their outlook downward, citing that the stock may already be priced in for the strong demand.
Despite the target cut, the surge in pre‑order numbers underscores robust consumer interest in the upcoming title, which is expected to boost Take‑Two’s revenue in the fiscal year.
Investors are watching how the revised target will affect TTWO’s valuation, while the gaming community anticipates the official launch later this year.
The company has not disclosed exact pre‑order figures, but industry sources confirm the volume is “far in excess” of prior estimates.
UBS analysts, who had previously set a higher price target for the company, revised their outlook downward, citing that the stock may already be priced in for the strong demand.
Despite the target cut, the surge in pre‑order numbers underscores robust consumer interest in the upcoming title, which is expected to boost Take‑Two’s revenue in the fiscal year.
Investors are watching how the revised target will affect TTWO’s valuation, while the gaming community anticipates the official launch later this year.
The company has not disclosed exact pre‑order figures, but industry sources confirm the volume is “far in excess” of prior estimates.