10 posts and columns on Michael Pachter

Ubisoft Delays Game Launch Until May, but Plays Up Strong Holiday Sales

in Commerce on January 10 at 8:33 pm PT

Game publisher Ubisoft reported today that it experienced a record holiday season, fueled by strong sales of two of its top-performing franchises, Just Dance and Assassin’s Creed.
ubisoft_justdance

News Byte

Zynga Closes Slightly Higher Following Bullish Analyst Report

in Commerce on December 20, 2011 at 4:34 pm PT

Zynga inched higher today, closing up 19 cents, or 2 percent, to $9.24 a share, following a report by Wedbush’s Michael Pachter, who initiated coverage with an outperform rating and a $12.50 price target. “We believe Zynga is well-positioned for revenue growth due to its dominant market share among social game publishers,” he wrote in a note to investors. The social gaming company’s stock still has a ways to go to reach its IPO price of $10.

Digital Videogame Sales Rally as Physical Revenues Expect More Declines

in Commerce on July 11, 2011 at 12:06 pm PT

Consumer spending on digital games, such as mobile, social and downloads, still falls short of more traditional formats, like PC and console games, but the gap is beginning to narrow.
zyngagamecards

No One Is Buying Nintendo's Cautionary Tale About Mobile and Social

in Commerce on March 2, 2011 at 10:06 pm PT

Leaders in the gaming industry reacted negatively to controversial comments made by Nintendo’s President Satoru Iwata at the Game Developers Conference this morning. Critics said his statements only prove his ignorance and point to the company’s own weaknesses.

Game Stocks Up on Sales Data; GameStop Upgraded

in News on April 16, 2010 at 9:13 am PT

Things are looking a little brighter for the video game industry this morning. Last night market research firm NPD Group reported a rebound in March game sales. It was the first time since last September that software sales rose year over year, according to Wedbush Securities analyst Michael Pachter.

Take-Two Slides; Wedbush Turns Cautious

in News on September 21, 2009 at 10:05 am PT

Take-Two Interactive shares are trading lower after Morgan Wedbush analyst Michael Pachter cut his rating on the stock this morning to Neutral from Outperform. He keeps a $13 price target on the stock, which closed Friday at $11.73.

GameStop: Wedbush Chops Numbers on June Game Sales

in News on July 20, 2009 at 10:50 am PT

The threat from Best Buy and other retailers to GameStop’s video game sales is no joke, writes Wedbush Morgan analyst Michael Pachter in a note this morning in which he lowered estimates for GameStop.

Take-Two: The Stock Is Way Too Cheap, Wedbush Says

in News on March 6, 2009 at 11:02 am PT

Take-Two Interactive shares came roaring out of the box this morning, after Wedbush Morgan analyst Michael Pachter upped his rating on the videogame publisher to Buy from Hold, while maintaining his $10 price target.

Netflix to Stream Hannah Montana Contagion

in News on September 23, 2008 at 11:50 am PT

Looks like Netflix’s video-streaming business is developing quite nicely. On Tuesday the DVD-by-mail pioneer said it has signed deals with CBS and Walt Disney that will add some of those networks’ most popular shows to the Netflix streaming library.

Netflix: Wedbush Cuts Estimates, Sees Little Impact From Glitch

in News on August 19, 2008 at 8:35 am PT

Here’s the follow-up to last Friday’s article reporting that Netflix (NFLX), after experiencing a technical difficulty that prevented sending out DVDs for several days, said it would refund 15 percent of monthly subscription fees to a subset of customers.