take-two interactive reveals new game titles at gamescom
“This thing of ours… it’s a brotherhood…”
Thus commences the trailer for Mafia: The Old Country, the newest addition to the action-adventure video game franchise expected to be released next year, as stated by Hanger 13 and 2K, a subsidiary of Take-Two Interactive.
“Discover the roots of organized crime through a gritty mob narrative set in the harsh underbelly of 1900s Sicily,” Take-Two proclaimed in a press statement. “Struggle to endure in this perilous and merciless era, with action vividly portrayed through the authentic realism and compelling storytelling that the esteemed Mafia series is celebrated for.”
Since its launch in 2002, the Mafia franchise has surpassed 34 million units sold across console and PC, the company reported.
Take-Two Interactive introduced the new title at Gamescom, recognized as the largest gaming event worldwide, held every year in Cologne, Germany.
The company, known for publishing iconic games like Grand Theft Auto and Red Dead Redemption, also announced that Borderlands 4, the newest installment in the “looter-shooter” series, is set for release in 2025, where “players will again take on the role of a legendary Vault Hunter as they hunt for hidden alien loot while shooting anything in their path.”
Take-Two Interactive noted that the Borderlands series has achieved sales of over 87 million copies to date.
financial outlook and analyst responses to take-two’s announcements
The recent announcements from Take-Two Interactive at Gamescom have generated considerable excitement among analysts, especially concerning the company’s financial prospects. The reveal of new titles like Mafia: The Old Country and Borderlands 4 has resulted in a surge of positive feedback, prompting several analysts to adjust their price targets and ratings for the company.
For example, Benchmark has increased its price target for Take-Two shares to 0 from 0, keeping a buy rating. The firm emphasized the “important announcements” made at Gamescom, suggesting that the company’s strong lineup, including the eagerly awaited Grand Theft Auto 6, positions Take-Two for significant financial expansion in the upcoming years. Analysts have named Take-Two as a “Top Idea for 2024,” highlighting the potential for the company’s stock to excel in the short term.
Meanwhile, Bank of America Securities reaffirmed its buy rating for Take-Two shares at a price target of 5. The firm recognized that while investor attention is primarily on the launch schedule for GTA 6, the announcements regarding Mafia: The Old Country and Borderlands 4 illustrate the breadth of Take-Two’s forthcoming offerings. BofA indicated that the next Mafia title was already included in its FY26 model, but the earlier-than-expected release of Borderlands 4—previously expected for FY27—provides an unforeseen advantage to the company’s FY26/27 immersive core lineup of 15 titles.
These developments have led analysts to surmise that the market may be underappreciating the potential of Take-Two’s expansive portfolio, which could facilitate significant revenue growth beyond the highly anticipated GTA 6. With the company’s stock up 3.1% to 9.60 at the last check, alongside a promising range of releases ahead, Take-Two Interactive seems well-equipped to leverage its momentum within the gaming sector.
