Wedbush analyst Michael Pachter raised his price target on Take-Two Interactive to $132 from $126 and maintained an Outperform rating on shares, telling investors in a research note that shares continue to present a "compelling" value following the company's Q4 results. Despite its lowered guidance, Pachter contended that Take-Two has a "clear path" for earnings growth ahead, and that the delay of the unannounced 2K title strengthens his confidence that the company can again grow earnings in fiscal 2020, as catalog sales of Red Dead Redemption 2, the launch of Borderlands 3 and growth from its core portfolio should allow Take-Two to grow its top line by 5% or more and EPS by 10% or more. Looking ahead, Pachter sees a new BioShock title, new Rockstar games, new titles from Private division and continued growth of recurring revenue.

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