Take-Two Interactive Software stock (NASDAQ: TTWO) is in the news as the Grand Theft Auto 6 preorder nears. The preorders will open on Thursday, June 25, and the pricing will be revealed as the window unfurls. TTWO has risen close to 12% in a week ahead of the preorders and could surge further in the charts.
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Bank of America Provides New Price Target For TTWO Stock Ahead of GTA 6 Preorders
Bank of America Securities has reiterated its buy rating on TTWO stock with a higher price target. BofA predicts that the equity could surge to a high of $368 from its current price of $242. That’s an uptick and return on investment (ROI) of approximately 52% from its present value. Therefore, an investment of $1,000 could turn into $1,500+ if the price prediction turns out to be accurate. This is a robust forecast as the uptick potential is immense. Not every asset is capable of delivering 50%+ gains in the broader US stock market.
BofA Securities sees significant upside on TTWO stock following the release of GTA 6 on November 19, 2026. The firm expects the company’s ‘pay-to-progress’ model to drive higher player spending than Fortnite’s. Apart from GTA 6 preorders and its subsequent release, the game’s Online monetization could surge. Higher spending leads to bigger revenues for Rockstar Games, making its earnings rise. The bank predicts that each player could spend around $60 per-user monetization (MAU).
TTWO stock will remain in the spotlight in 2026 as the GTA 6 release nears. The game will be the most talked-about as fans are eagerly awaiting its launch. Players have been waiting for more than a decade, as GTA 5 was released in 2013. Since then, Rockstar Games has been milking the Online version, apart from the usual sales of GTA 5. It is expected that GTA 6 could cross $1 billion in sales on the day of its launch.