Analyst: Take-Two to be more profitable because of 2011 GTA V expectation
More analysts are expecting a Grand Theft Auto V, apparently, as they up their Take-Two target from US$ 15million from US$ 11 million. Anthony Gikas of Piper Jaffray is one such analyst, and here he explains why they are finding Take-Two to be even more profitable by Fiscal Year 2011.
More analysts are expecting a Grand Theft Auto V, apparently, as they up their Take-Two target from US$ 15million from US$ 11 million. Anthony Gikas of Piper Jaffray is one such analyst, and here he explains why they are finding Take-Two to be even more profitable by Fiscal Year 2011.
Said Gikas:
Our confidence in the company’s profitability profile is improving as product flow for FY 2010 is greatly improved and Grand Theft Auto V is expected in FY ’11. Assuming no change to product flow, we expect the company will have 10-plus games that will sell over one million units.
He further predicts that GTA V will come out sometime “in the 12 months ending October 31, 2011.”
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Via VG247