Take-Two's current fiscal year holds few major game releases, but analysts said investors should look further into the future, when games like BioShock 2, Max Payne 3, and a new Grand Theft Auto hit shelves.
"Despite the execution missteps, we think that Take-Two shares should be valued on next year's earnings, and believe that solid profits next year and a GTA announcement will trigger outsized share appreciation," wrote Wedbush Morgan analyst Michael Pachter in a research note this week. He expects Take-Two to release Max Payne 3, Mafia 2, Red Dead Redemption, BioShock 2, and The Agent in fiscal 2010, which begins in November 2009.
