Piper Jaffray analyst Michael Olson notes that Red Dead Online has officially come out of beta with a slew of new content updates, including a co-op story line, which he believes is similar to the first GTA Online "heist" missions. Some investors have grown frustrated with the lack of monetization of RDR Online so far, but he notes that GTA Online was essentially unplayable for its first 6 months before hitting an inflection point with a "heists" update. Olson believes the just-released update for Red Dead Online has the potential for a similar impact. Expecting RDR monetization to pick up in 2020, the analyst reiterates an Overweight rating and $114 price target on the shares.
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Take-Two Interactive President Karl Slatoff disclosed the sale of 90,851 shares of compant stock at $148.54 on April 12, for a total transaction amount of $13,494,771.