Yesterday, Take Two Interactive Software Inc’s (NASDAQ:TTWO) subsidiary Rockstar Games made an unpleasant announcement regarding the long-awaited video game, Red Dead Redemption 2 (RDR2). The video game maker pushed RDR2 release out to spring 2018.

Commenting from the sidelines, Baird top analyst Colin Sebastian says, “Given previous delays in the release of other popular Rockstar titles – including the epic Grand Theft Auto V title and the first Red Dead Redemption game – we believe this news is not a complete surprise, and is not necessarily a sign of an underlying problem. If anything, we assume Rockstar is adding more online and transactional elements to the title, which could increase lifetime value. We note that Take Two generally affords Rockstar significant flexibility in release timing, which arguably is one reason that the studio produces content of reliably high quality.”

The delay distorts Baird’s previous estimates for F2018 of roughly $750 million in revenues from RDR2, or 15 million units. The analyst adds “We anticipate investor attention will likely shift toward continued progress in digitally delivered bookings and contribution from catalog sales as a key driver of performance in the near term.”

Sebastian points out most of the prospect will be deferred to 2019. Nevertheless, the analyst is still confident about an earning beat for the fourth quarter of 2017.

As such, Sebastian reiterates a Neutral rating on TTWO, while listing a price target of $53, which represents a downside close to 23%.

According to TipRanks, a financial engine that measures and ranks analysts’ and bloggers’ performance, top analyst Colin Sebastian is ranked #16 out of #4554 analysts. Sebastian has a 78% success rate and generates an annual yield of 22.5%. However, when recommending TTWO, the analyst earns a 0.0% average profit on the stock.

TipRanks analytics show TTWO as a Strong Buy. Based on 5 analysts offering recommendations, 4 issue a Buy and 1 maintains a Hold. The 12-month average price target stands at $70.20, making a nearly 2% upside from where the stock is currently trading.