Red Dead Redemption
Red Dead Redemption is one of Rockstar's most loved games Rockstar Games

Rockstar Games are set to follow up Grand Theft Auto V with a sequel to 2010's Red Dead Redemption, according to Baird Equity Research.

In a report detailing their 2014 video game industry predictions, analyst Colin Sebastian said: "We expect product announcements over the next year such as extending GTA V to other platforms (e.g., PC, next-gen consoles), the next Red Dead, etc., to help improve revenue and earnings visibility."

"We expect PC version of GTA V in 2014," he added. "Recently, posted a product listing for a PC-version of the company's blockbuster franchise Grand Theft Auto V. While a PC version would not be a big surprise, this indirect confirmation of the game helps to provide some added visibility to consensus F2015 (Mar) estimates.

"In fact, we have previously published that GTA-extensions are in the development pipeline, and likely needed for the company to hit FY targets. We also believe the next Red Dead game is in the works potentially for a 2014 launch."

It is widely believed that additional downloadable content for Grand Theft Auto V will represent the bulk of Rockstar's output this year, as well as their continued support of GTA Online.

A new Red Dead game is expected to be Rockstar's next project, but a release this year would be earlier than predicted. A release during the 2014-15 fiscal year seems likelier.

Last July Take-Two CEO Strauss Zelnick confirmed an eventual sequel for the game when he named the series as one of the franchises the publisher aims to build on in the future.