The video game stock the analyst is most bearish on is Take-Two Interactive Software, home of the "Grand Theft Auto" franchise. The latest game in that franchise, though, will be released shortly and has missed the holiday season.

Take-Two shares advanced 23.2% last month, but Pachter said the gain is partially attributed to "unwarranted" speculation that the company is a takeover target. The analyst has a "sell" rating and $12 target on shares, which traded at $18.45 on Monday.