GTA 6 Online Could Be Released In Early 2027, Bank Says

Take-Two's biggest release ever, GTA 6, is coming up in November, but the company's share price continues to drop. It's down 21% this year and has now dipped under $200 this week after reaching a 52-week high of $265.

In short, the stock is struggling, but one big bank says it sees a lot of upside, in part because Rockstar is expected to release a new version of GTA Online--potentially in the first quarter of 2027--that could generate loads of money.

"We recommend being long $TTWO through the GTA 6 launch," the bank said in a memo to investors seen by Business Insider. Being "long" means the investor would buy and hold. The bank said Take-Two stock "remains cheap."

In particular, Bank of America said investors are not fully appreciating how big GTA Online 2.0 could be. To be sure, Rockstar is calling GTA 6 a single-player game, but everyone expects multiplayer to arrive in some form eventually. GTA Online for GTA 5 has been, and continues to be, a huge moneymaker for Rockstar and Take-Two thanks to its many microtransactions. Many expect a new version of GTA Online for GTA 6 to up the ante even further and give players more reasons to spend time--and money--in the game.

Bank of America said a new version of GTA Online for GTA 6 could launch in the first calendar quarter of 2027, meaning January-March. This is also around the time that a PC edition of GTA 6 could arrive, driving even more revenue.

For comparison, both GTA 5 and Red Dead Redemption II launched without online multiplayer support, so it would not be shocking if GTA 6 followed the same playbook.

Bank of America has given Take-Two a "buy" rating and a price target of $330. That's below the company's previous $380 target, but still represents an upside of more than 60% based on the current stock price.

GTA 6 launches on November 19 for PS5 and Xbox Series X|S. The game's file size was recently revealed, and it's absolutely massive.