GTA VI will be out in less than 3 months. Sink or swing for Take-Two Interactive $TTWO? BofA says there's 58% upside. They reiterate Buy with a $368 target against $233, off the back of the GTA 6 gameplay reveal that Netflix aired last week. The funny part is in the risk section. Since August 18, an anonymous account called CyberLeek has been posting GTA 6 clips, and the details look consistent with someone having a real playable build. Rockstar acknowledged it on the 26th. But the same account is also promoting its own meme coin, so BofA's reasoning for why this probably isn't catastrophic is that the motive looks financial, and monetizing through a token is a less direct path than just distributing pirated copies. The bull case includes "the leaker seems more interested in his shitcoin." You can't make this up. On valuation, TTWO trades at 93x FY2026 EPS and 53x FY2027. I get that GTA Online is a machine, but I wonder whether it justifies that kind of built-in premium. Not my type of setup, but interesting nonetheless.

GTA 6 Online could still be one or even two years away. According to Forbes, Rockstar could wait until 2027 or even 2028 before launching the online mode. That would give the studio time to focus on the main game first, while GTA Online continues making money in the meantime. So don’t expect GTA 6 Online anytime soon after launch.

GTA Online Mansion owners who hit the Fine Art Collector program Elitist status can claim their rewards through August 5. This includes the opportunity to steal a special high-value Primary Target Painting on their 1st attempt at The Kortz Center Heist each of the next 3 weeks.

Halloween thrills continue in GTA Online this week. Play to get the Butchery and Other Hobbies T-Shirt and win 3 Races to get the Orange Glow Skeleton Onesie and GTA$100,000, plus there are discounts on otherworldly vehicles and much more:

Rubius has dropped new GTA 6 info in his latest video. I recommend checking it out because it's super interesting. Here's a quick summary: 1/ Backflips when jumping into the water are manually controlled in the air, Skate 3-style or like Spider-Man's flips. Multiple ways to jump. The level of detail in animations keeps raising the bar. 2/ You can buy cigarettes and the smoking animation lasts for real (nothing like the quick puff in RDR2). Bonus: smoking fills your Focus meter, the new Dead-Eye. 3/ Interaction menu with ANY NPC on the map, with way more dialogue lines than RDR2. No generic "hello/goodbye," these are gonna be conversations with real depth. 4/ NPC density on the beach is identical to the trailer (yes, the Jason and Lucia scene on the beach lounger is representative of actual gameplay). 5/ Vehicles will work like the horse in RDR2: store heavy weapons and extra outfits, and you can request your car be delivered to your location via app, like in GTA Online. 6/ Full limb dismemberment confirmed, not just heads getting blown off. And you can stuff bodies in the trunk. GTA VI doesn't mess around with the gore. 7/ Pawn shops all over the map to sell stolen goods. Big weapons stay in the car or Ammu-Nation locker, you can only carry 2 at a time. Total immersion. 8/ No kids in the game world. And weapons you drop on the ground stay there physically, no floating, spinning pickups like in the old GTAs. 9/ High-end cars come with GPS: if you steal them, you gotta take 'em to a specific mechanic to remove the tracker. Using Focus before stealing reveals nearby cops and the car's value. 10/ The game has its own TikTok-style social network, and you can literally go hunt down a streamer or influencer on the map who's broadcasting live right then. Rockstar isn't playing around. 11/ Impact physics blend GTA IV and V: the driving weight of GTA IV but without feeling like you're piloting a boat, more reactive, GTA V-style. The combo we've all been begging for. Also, treasures and collectibles hidden on the little map islands. 12/ My take: every leak that drops just confirms this game's gonna carry a whole generation. 82 days to go. Which of these details has you the most hyped?

My predictions for GTA 6’s Extended Look on August 27th: - ~15 minutes long, commentated by the same lady who did RDR2 and GTA 5’s gameplay previews - The game will look and feel like Red Dead 2 on steroids, NOT GTA 5. I think GTA 6 will have a giant focus on immersion and feeling grounded far more than GTA 5 - Will show a significant amount of gameplay, I’m thinking RDR2’s gameplay trailers part 1 + 2 combined into one video - Gameplay & Mission design criticisms will be directly addressed, showing off GTA 6 will have far more open mission structure similar to recent GTAO content - Gunplay will be massively improved and no longer rely on auto-aim, I am thinking much closer to Max Payne 3 than RDR2 - There will definitely be an open world section, showing off how the game has a high amount of enterable buildings, showing off some of the north sections of the map that we’ve not seen too. - Basketball as a playable sport will definitely be shown off alongside others since we’ve seen Jason play it in a screenshot - The first few minutes will be dedicated to story details, explaining the general set-up (likely showing off clips from the prologue) and how Jason and Lucia meet similar to how RDR2’s gameplay explained the story first - Gym and weight system from GTA San Andreas will hopefully return and be shown off - Greet/Antagonize which we saw in the leaks will definitely get a major focus, and how they improved it over Red Dead 2 - I think the reason its on Netflix is because it will be structured like a GTA 6 documentary, each section will explore a different aspect of the game and be presented in a cinematic format. I don’t think there will be developer interviews - It will blow everyone away with just how much content there is, it’ll make GTA 5 look like a small game especially in its open world activities. Bigger and denser than RDR2, while being an even more fun and polished game - GTA Online won’t be mentioned but I do think they will have some significant surprises to show about the game in some way With just a little over 2 weeks to go, I am definitely excited to look back on this and see how much I got wrong/correct. What are your predictions?