According to CNBC, Paul Meeks, managing director and head of technology research at Freedom Capital Markets, sees about 35%-40% upside in Take-Two Interactive Software shares over two years, based on a $293 price target; the stock recently traded around $212. Grand Theft Auto VI is scheduled for release on Nov. 19. Take-Two management has forecast first-year sales of approximately 30 million copies, while Meeks’ model estimates 37 million and he believes sales could be higher. Take-Two generated approximately $6.7 billion in revenue in fiscal 2026, which ended March 31. Revenue is expected to reach roughly $8.5 billion in fiscal 2027, while earnings per share are projected to rise from $6.97 in fiscal 2027 to $10.32 in fiscal 2028. The shares trade at approximately 21 times projected fiscal 2028 adjusted earnings. Meeks identified a further delay or disappointing game sales as risks to the company’s earnings outlook and stock.