More analysts are expecting a Grand Theft Auto V, apparently, as they up their Take-Two target from US 15million from US 11 million. Anthony Gikas of Piper Jaffray is one such analyst, and here he explains why they are finding Take-Two to be even more profitable by Fiscal Year 2011.
Our confidence in the company's profitability profile is improving as product flow for FY 2010 is greatly improved and Grand Theft Auto V is expected in FY '11. Assuming no change to product flow, we expect the company will have 10-plus games that will sell over one million units.
He further predicts that GTA V will come out sometime "in the 12 months ending October 31, 2011."