Take-Two Stock Soars as Red Dead Redemption 2 Achieves New Milestone
Take-Two Interactive Software, the parent company of Rockstar Games, has witnessed a significant increase in its stock value following a noteworthy achievement for one of its flagship titles, Red Dead Redemption 2. The game has now sold an impressive 79 million copies, securing its position as the fourth best-selling video game of all time.
Red Dead Redemption 2 Achieves New Milestone
Released on October 26, 2018, Red Dead Redemption 2 has consistently attracted players, surpassing Nintendo’s Mario Kart 8 Deluxe, which has sold 78.02 million copies. The best-selling video games remain:
- 1. Minecraft (Microsoft) – 350 million units
- 2. Grand Theft Auto V (Take-Two) – 220 million units
- 3. Wii Sports (Nintendo) – 82.9 million units
- 4. Red Dead Redemption 2 (Take-Two) – 79 million units
- 5. Mario Kart 8 Deluxe (Nintendo) – 78.02 million units
The ongoing success of Red Dead Redemption 2 highlights its durability in the gaming market. This achievement also reflects the anticipated performance of Grand Theft Auto VI, which is set for release on November 19, 2026.
Take-Two Stock Performance
Following the announcement of these sales figures, Take-Two’s stock experienced a 1.41% increase. This uptick marks an overall 26% gain year-to-date and a 29.33% increase over the past year. As of the latest reports, about 600,000 shares were traded, aligning with the three-month average of 1.63 million shares per day.
Wall Street Analysts’ View
Analysts are optimistic about Take-Two’s prospects. The consensus rating is classified as a Strong Buy, based on 14 buy recommendations contrasted with just one sell rating. The average price target for Take-Two stock stands at $284.62, suggesting a possible 20.92% increase from its current price.
As the gaming industry continues to evolve, Take-Two’s ability to maintain its market position will be closely monitored by investors and gaming enthusiasts alike.
