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Wedbush Morgan’s Michael Pachter has just issued a note saying he does not expect GTA IV to make it past 12 million units this, leaving Take-Two as an obvious target.
“Notwithstanding the strong sell-in of GTA, we do not expect the game to sell more than 12 million units this fiscal year,” said the analyst. “We believe that Take-Two remains a takeover story rather than a fundamental one.”
Pachter’s maintaining a hold rating on the stock with a target of $26 based on the price of EA’s proposed bid for the firm.
Viewing 10 responses
Psychotext said:
Familiar:
http://www.videogaming247.com/2008/04/04/pachter-13-million-gta-iv-sales-this-year-unlikely/
Blerk said:
Next month:
“Pachter: GTA IV won’t sell more than 11 million units this year”
Whizzo said:
“Pachter: GTA IV won’t sell more than 10 units this year”
Blerk said:
Pachter: GTA IV customers returning units to shops!
patlike said:
PT: It is new, really. That 12 million mark’s way higher than the 9 million he originally predicted.
G1GAHURTZ said:
I predict that GTA IV will not sell over 65 million units this week.
Psychotext said:
Pat: Yeah, I’m not saying otherwise… just that he’s a bit of a broken record. A broken record that doesn’t get things right very often. =)
G1GAHURTZ said:
UPDATE: I now predict that GTA IV will not sell over 64 million units this week.
…are you paying attention to me??
El_MUERkO said:
Pachter: I am iron man dunna dunna dunnn duun duun duun!
ruckus said:
dun dun dundun dun dunna dunna dun-da dun dun dun! <_< hmm…
da da dada da dada dada da-da da da da …
erm 1 MILLION! :-0_