Analyst: Take-Two 'Diversifying' Away From GTA Dependence

posted 7/2/2009, 428d 17h 43m ago

Although analysts are often dubious on Take-Two's earnings power in years with no major GTA release, Kaufman Bros. analyst Todd Mitchell says the publisher will be profitable in fiscal 2010 even with no Grand Theft Auto V. "We believe concerns that there would be no GTA V in fiscal 2010 and that Take-Two was too dependent on this IP have weighed on the stock," says Mitchell, as Kaufman upgraded its rating on the company from ...