Take-Two’s Grand Theft Auto Delay Leaves Analysts Unfazed (1)

Gamers took the latest delay to the long-awaited Grand Theft Auto VI hard, but stock analysts are undaunted, with the vast majority recommending investors stick with Take-Two Interactive Software Inc.

Shares closed 8.1% lower on Friday, the worst one-day decline in more than a year, after the video-game developer once again pushed back the release of the next entry in the Grand Theft Auto franchise. The setback, for what will likely be one of the industry’s top-selling titles, overshadowed a second-quarter earnings beat and annual guidance raise.

Fans got their first glimpse of Grand Theft Auto VI last December when ...