Take-Two Interactive Software Inc. (Take-Two (TTWO)) shares climbed on Thursday after Rockstar Games confirmed that digital and retail preorders for Grand Theft Auto VI will kick off on June 25. The announcement put to rest lingering worries about another delay and reinforced confidence that the blockbuster title is on track for its Nov. 19, 2026 release.
Rockstar, a wholly owned subsidiary of Take-Two, shared the preorder date in a post on X. Investors cheered the news, sending the stock up about 5% in Thursday trading. The update also eased concerns that had built up after Rockstar previously pushed the game's release to November.
Preorder Date Reassures Investors
Wall Street viewed the start of preorders as a critical commercial milestone. It signals that the game's development is far enough along to begin taking money from eager fans, which is a strong indicator that the November launch date is solid. The move also helped calm fears of another delay, which had been a lingering overhang on the stock.
Analysts See Strong GTA VI Sales
Analysts remain bullish on the game's potential. Piper Sandler recently projected that GTA VI could sell more than 45 million units during its launch period, which would make it one of the biggest video game releases in history. The stock carries a consensus Buy rating with an average price target of $291.17. Recent analyst actions include:
- DA Davidson: Buy, maintains $300 forecast (June 15)
- Piper Sandler: Initiated Overweight, $280 target (June 2)
- Wells Fargo: Overweight, lowered target to $287 (May 22)
Fiscal 2027 Outlook Hinges On GTA VI
Take-Two's financial future is heavily tied to GTA VI's success. The company previously issued fiscal 2027 guidance calling for net bookings of $8 billion to $8.2 billion, driven largely by the game's launch. Investors see the June 25 preorder date as another milestone that supports that ambitious outlook.
Take-Two Interactive Stock Price Action
At the time of publication Thursday, Take-Two shares were up 4.56% at $238.43, according to market data.