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Happy_shanky
Take-Two ($TTWO), the company behind the GTA games, is coming to @solana this Thursday via @sunrise, issued by @Backpack Securities. You get the same Nasdaq stock exposure, only now you can trade or LP it on-chain.
If you are following the story, a few key points stand out.
GTA VI is scheduled for November 19, which is the third target date the company has set. The market isn't taking that date as set in stone yet, mostly because the previous two delays caused quick 5 to 10 percent dips in the stock.
On the other hand, pre-orders have been running since June 25, and early numbers point toward $3B to $5B in revenue during the first week alone.
Earnings land Friday. Expect ugly Earnings Per Share figures due to normal pre-launch costs, but watch whether management stands by its $8B to $8.2B FY27 bookings target.
The stock has stayed mostly sideways around $243 over the last year. Most analysts are bullish with targets near $294, but there is zero margin for error if another delay happens.
GTA VI is the most anticipated game ever. It is launching at a reasonable price, but the performance of the actual stock depends on whether the game is released on schedule and also on the earning potential of the GTA Online brand, which some are expecting to be on par with what Fortnite does as a business.
My play would be to spot buy with 50% of my allocated capital on Thursday, and prepare for a bullish earnings report on Friday. The other 50% will go into Meteora DLMM, trying to catch any dip if there is bearish sentiment. Earlier shocks have caused the stock to dip by 10%, so I will be buying down to -20%.
#DailyOrbit
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