Despite the anticipated delay of Grand Theft Auto VI to next year, investors remain optimistic about Take-Two Interactive Software's future. The company's stock is approaching record levels, driven by excitement over other titles, such as Borderlands 4. Analysts highlight Take-Two's solid pipeline, arguing that the benefits of upcoming releases will offset the impact of delayed revenue from its flagship game. Portfolio manager Alec Boccanfuso emphasizes the importance of perfecting GTA VI to avoid negative user experiences, noting this pressure may validate the delay as a strategic choice.
"You can't put the whole gaming industry into a Netflix-style safety bucket, but you can view Take-Two that way, since there's no real impact from tariffs and its pipeline is so robust that the upside from new content should outweigh any negative we see in a downside scenario," said Alec Boccanfuso, portfolio manager at Gabelli Funds, who said the stock is one of his top holdings.
"I would obviously have loved for GTA 6 to come out this year, but there's more pressure on this game than any I've seen in my life, so it is better for them to delay and perfect it rather than risking the fallout of a bad user experience," Boccanfuso said. "The revenue fr...
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