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Take-Two Interactive Software Inc. Message Board

  • btfbtfbtfb btfbtfbtfb Nov 26, 2013 12:56 PM Flag

    Pachter reiterates at outperform

    $19 price target

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    • so? all the analysts are at $20 or more...has that helped the stock? no...beginning to look like dead money until the next AAA release which at their pace is holidays 2015

    • Yeah, Pachter upped the earnings due to the reduced share count and re-iterated his target. He said:
      We are increasing our EPS estimates to reflect accretion from the repurchases. We are increasing our FY:14 estimate to $4.08 from $3.90 and our FY:15 estimate to $0.85 from $0.75. Our revised estimates reflect limited visibility into Take-Two’s long-term release slate, with major titles for next year largely unknown.
      I understand that the lack of visibility is annoying a lot of people. But I maintain there is a reason for it . . . the big near-term release is probably GTA V for the new consoles and they don't want to announce it for fear of reducing sales of the PS360 versions. The later titles are far off and they don't have a solid calender for them yet. Of course we know that WWE 2K15 and NBA 2K15 titles are part of the 10. So I think there will be more transparency once they announce GTA V for the PS4 and xbone.

22.40-0.67(-2.90%)Oct 1 4:00 PMEDT

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