Analysts are backing 2020 as the year to buy stock in Take-Two Interactive, and part of that is down to the eventual release of GTA 6. Yet to be unveiled or talked about officially by Rockstar Games, the next Grand Theft Auto game is going to have a hard time topping the success of GTA 5. Now one of the best-selling games ever, much of this continuing success is down to the game’s popular multiplayer mode, GTA Online.
But the most recent reports suggest that the GTA 6 release date might not be coming for several years, so why is now a good time to invest in Take-Two Interactive, the parent company of Rockstar Games?
While there are a number of reasons why the Motley Fool is backing Take-Two stock right now, the Grand Theft Auto franchise looks set to be a big part of the company’s future plans.
Commenting on Take-Two’s announcement that they had a lot of games coming over the next five years, the report from Motley Fool adds: “What is undoubtedly under development is Grand Theft Auto VI.
“With new consoles launching this fall, Take-Two’s Rockstar Games — the studio that develops the Grand Theft Auto and Red Dead Redemption franchises — will likely be planning some new launches in the next few years to capitalize on the growth of the new hardware systems.
“Given that it’s been more than six years since the last release, it seems reasonable to expect the new Grand Theft Auto title to be announced within the next few years.”
Such a long wait will spell doom for current-gen gamers waiting for GTA 6 to land on PS4 and Xbox One.
But as noted above, the arrival of the PS5 and Xbox Series X will provide Rockstar Games with more fertile ground to grow its gaming base.
Another advantage of GTA 6 being further out is that other games could be released in between, with the Motley Fool report adding:
“Investors should probably expect a new BioShock title at some point, and perhaps a new version of L.A. Noire. The detective-based game released in 2011 from Rockstar Games sold about five million copies, according to VGChartz.
“A new L.A. Noire sequel that takes advantage of the enhanced graphics power in the upcoming console releases should add to the franchise’s lifetime sales.
“Take-Two already released a remastered version of the game for the Playstation 4, Xbox One, and Nintendo Switch in 2017.”
The launch of L.A Noire was reportedly a difficult process but it’s enduring popularity could see a return for the franchise on PS5 and Xbox Series X.
The report also adds that eSports and new growth on Mobile platforms are other reasons to watch Take-Two in the future.
Streaming is another area that Take-Two could see potential growth in the future and is another avenue that Rockstar Games could explore.
For now, many analysts are backing Rockstar Games to make a Grand Theft Auto announcement during 2021, although it’s still unclear how long we might wait for the arrival of GTA 6.
Published at Sat, 04 Apr 2020 10:29:00 +0000