Take-Two's (TTWO) 'Red Dead Redemption 2' Should be Another Blockbuster - Mizuho
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Mizuho Securities analyst Neil Doshi reiterated a Buy rating and $48 price target on Take-Two Interactive (NASDAQ: TTWO) announced Rockstar's highly anticipated Read Dead Redemption 2 is scheduled to launch in Fall 2017 on the PS4 and Xbox One (a PC release was not mentioned).
"Taking a page out of the GTA V playbook, we expect RDR 2 will have a massive single-player action campaign, as well as an online multi-player experience similar to Grand Theft Auto Online," Doshi said.
Red Dead Redemption, came out in May 2010 and was one of the best games released on the last generation of consoles – earning a 95 Metacritic score and selling in more than 14m units life-to-date. They believe the sequel could sell that many units in FY18 alone.
An initial trailer for the game will be available at 11am ET, Thursday 20th at www.rockstargames.com
Shares of Take-Two Interactive closed at $44.85 yesterday.
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