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.”

• Analyst: 2 more GTA IV DLC episodes and GTA PS2 next year, GTA V in 2011

Via VG247