For reference, the trailer for a video game has surged to the top of Netflix’s worldwide charts. This is a highly anticipated game that has been in development for 13 years.
I believe that TTWO should be priced higher (Sony’s stock rose by 3% on Friday due to the release of GTA VI). I expect it to surpass its project’s price targets by the end of the year, before the earnings report next February.
The trailer dropped on Netflix at 3:00 PM EST, so the market really only had about an hour to digest what it was seeing before the close. I watched TTWO climb from around $222 to as high as $233 during the day.
Since the market closed, GTA VI has basically gone viral, and the reaction has been overwhelmingly positive. At this point, I think the leaker is a nonfactor.
The next thing I’m watching is the YouTube premiere at 9:00 PM. It’s not just about how many views the trailer gets—it’s how quickly it gets them. The velocity of those views could be another major indicator of just how massive the demand for this game really is.
Even the New York Times is covering GTA VI now, which tells you how far beyond gaming circles this has reached.
I’m pretty bullish going into tomorrow.
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