Take-Two Tumbles Most In Months As BofA Calls Grand Theft Auto Reveal “Impressive, But Unlikely To Surprise”

Take-Two Interactive shares plunged the most in nearly seven months on Monday as investors weighed a series of ”Grand Theft Auto VI” leaks in recent weeks ahead of the Nov. 19 release. 

The leaked clips reportedly expose plot details, character scenes, and gameplay mechanics, prompting Rockstar Games (a studio owned by TTWO) to call the leaks “gut-wrenching” and warn that some of the game’s surprises may have been spoiled. 

What X users are saying:

Time to address the elephant in the room:

No self-respecting man would like to play as an empowered, annoying 2/10 Latina in Grand Theft Auto.

This is lame and woke. pic.twitter.com/dgIVoT5Pf2

— Yorch Torch Games (@YorchTorchGames) August 30, 2026

So let get this straight…some Gaming writer at Forbes is speculating that GTA6 Online (not GTA6) could be 2 years delayed (according to himself) since $TTWO didn’t mention it on their call and now $3B Mkt Cap gets whipped out ? lol

Thank you Mr Market pic.twitter.com/4CSjTucXsT

—  Q-Cap  (@qcapital2020) August 31, 2026

13 years of waiting and 1 BILLION dollars for THIS?

GTA 6 shaping up great pic.twitter.com/fQXy5PQ6HQ

— Rock Solid (@ShitpostRock) August 31, 2026

Omar Dessouky, an equity research analyst at Bank of America focused on gaming, digital advertising, and consumer internet companies, penned a note on Monday titled “GTA 6: Impressive Gameplay Reveal, but Unlikely to Surprise.” 

Dessouky pointed out that the trailer released by Take-Two Interactive last week reduced the risk of another launch delay by showing GTA VI is already playable. 

“Some details in the footage are consistent with access to a genuine playable build. Were a distributable copy to circulate, it could weigh on sales (particularly the PC version); at this stage, however, there is no clear evidence one exists,” the analyst said. 

Dessouky added that the footage delivered few surprises. Many of the mechanics had already been disclosed, while clips released by an anonymous account called CyberLeek stripped away some of the mystery ahead of the mid-November release. 

He forecasts that GTA VI will sell 45 million units during fiscal 2027, generate $3.44 billion in combined bookings with GTA Online, and deliver $898 million in incremental net income. Take-Two’s total bookings are forecasted to jump 36% to $9.16 billion. 

Dessouky maintained his Buy rating and $368 price target. The stock dropped 6.3% late in Monday’s cash session, marking its largest decline since Feb. 12, when it fell 6.6%. 

Gamers have waited 13 years for this point.