Take-Two (TTWO) stock rallied on Monday after the video game developer and publisher announced a new milestone for one of its games. Rockstar Games’ Red Dead Redemption 2 has reached 79 million units sold, making it the fourth best-selling video game ever.
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This saw Red Dead Redemption 2 surpass Nintendo’s (NTDOF) Mario Kart 8 Deluxe, which has sold 78.02 million units. Still above it are Nintendo’s Wii Sports at number three with 82.9 million units sold, Take-Two’s Grand Theft Auto V at number two with 220 million units sold, and Microsoft’s (MSFT) Minecraft at number one with 350 million units sold.
Red Dead Redemption 2’s rise to the number four spot of highest-selling games is worth noting, as the game originally came out on October 26, 2018. Reaching such a milestone more than seven years after its release shows the staying power of the game. The same can be said about Grand Theft Auto V and its number two position on the list. This also means investors can likely expect similar long-term success from Grand Theft Auto VI, which was recently delayed to November 19, 2026.
Take-Two Stock Movement Today
Take-Two stock was up 1.41% on Monday, extending a 26% year-to-date gain. The shares have also rallied 29.33% over the past 12 months.
Trading volume today is fairly normal, with some 600,000 shares exchanged as of this writing. For comparison, the stock’s three-month daily average trading volume is about 1.63 million units.
Is Take-Two Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Take-Two is Strong Buy, based on 14 Buy ratings and a single Sell rating over the past three months. With that comes an average TTWO stock price target of $284.62, representing a potential 20.92% upside for the shares.
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