01:41 PM EDT, 05/23/2024 (MT Newswires) -- Take-Two Interactive Software ( TTWO ) is set to introduce a pair of sequels in coming months that should attract new and returning players, while also providing the financial catalyst to its stock, BofA Securities said in a note Thursday.

Take-Two is expected to announce a new sequel on June 7, with new likely new versions of its Borderlands and Civilization franchises during fiscal Q3.

BofA analysts said investors may be underestimating the potential impact of a sequel to Take-Two's financial performance. They raised their forecast for fiscal 2025 revenue to $6.1 billion, significantly above the Capital IQ consensus now expecting around $5.69 billion in revenue for the company this year.

One possible hurdle to that optimistic outlook, however, would be a delay to the popular Grand Theft Auto sequel, BofA said. "We still do not rule out a delay of GTA 6 beyond Fall '25, which could cause the stock to stall," the analysts wrote.

Still, they said even a later-than-expected release for GTA 6 does not necessarily scuttle the company's prospects. BofA said Take-Two will soon provide more clarity about its product pipeline, with the launch of several new or updated games, including "several unknown free-to-play titles [helping] anchor [fiscal 26 and fiscal 27] estimates."

BofA analysts raised their rating for Take-Two to buy from neutral and increased their price objective to $185 from $160.

Price: 152.87, Change: +2.26, Percent Change: +1.50