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An analyst has reportedly said they expect Rockstar Games to release Red Dead Redemption 3 in 2028 to capitalise on Take-Two's development cycle.
A translated article from kr.investing.com says Alec Brondolo, an analyst at Wells Fargo, predicts RDR3 will release then because it's "the peak free cash flow period in Take-Two's current development cycle".
Wells Fargo, a leading financial services company in the US that's considered one of the 'Big Four' banks, started coverage of Take-Two on Monday (28 July) with an 'overweight' rating and a price target of $265, according to the report.
This seemingly reveals Wells Fargo has a very optimistic forecast for the future potential of Take-Two's trading levels and Take-Two could capitalise on that by releasing RDR3.
Speaking back in 2022, Strauss Zelnick, CEO of Take-Two, discussed Rockstar's franchises and said the company would keep going until people lost interest.
Fans thought they’d spotted telling information on LinkedIn, too; as reported back in 2021, a Rockstar AI programmer edited their job profile saying he had two years of experience leading the 'RDR3' AI staff.
Red Dead Redemption 3 has not been officially confirmed by Rockstar Games.
Elsewhere from indy100:
- Red Dead Redemption 3: Everything we know so far
- Who will be the protagonist of Red Dead Redemption 3?
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