Take-Two Interactive Software (TTWO) has largely removed uncertainty surrounding the launch of Grand Theft Auto VI after confirming pricing, pre-orders and a Nov. 19 release date, strengthening visibility into the company's earnings outlook, Wedbush said in a Thursday note.

The firm said the announcement of an $80 standard edition, a $100 ultimate edition, pre-orders and the release date provides the confirmation investors had been seeking and substantially reduces concerns about another delay.

Wedbush said the pricing structure could support higher average selling prices, while the premium edition and digital distribution mix may benefit margins.

The firm also said the decision to launch the game initially as a single-player title should allow online revenue opportunities to build over subsequent years through Grand Theft Auto Online and subscription offerings.

Wedbush maintained its outperform rating on Take-Two Interactive Software and a $300 price target.

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