What is the analyst rating for GameStop?

GameStop’s analyst rating consensus is a Moderate Sell. This is based on the ratings of 1 Wall Streets Analysts.

What are analysts saying about GameStop?

Stock Price Forecast

The 3 analysts offering 12-month price forecasts for GameStop Corp have a median target of 18.75, with a high estimate of 20.00 and a low estimate of 6.00. The median estimate represents a +35.18% increase from the last price of 13.87.

Is GameStop doing well as a company?

Over the past twelve months, the company had a revenue of $5.80 billion and Loss Per Share of $0.33. Its operating margin is -2.15%, which ranks worse than 77.07% of 1099 companies in the Retail – Cyclical industry. Overall, the profitability of GameStop is ranked 6 out of 10, which indicates fair profitability.

What is the forecast for GameStop stock?

According to our current GME stock forecast, the value of GameStop shares will rise by 23.30% and reach $ 16.18 per share by November 2, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).

Is GameStop a good stock to buy now?

GameStop Corp. – Buy. Zacks’ proprietary data indicates that GameStop Corp. is currently rated as a Zacks Rank 1 and we are expecting an above average return from the GME shares relative to the market in the next few months.

GameStop analyst explains why she has a $16 price target for the stock

Should I buy GameStop stock right now?

Don’t Rush Into GME Stock

There are several unknowns and GameStop’s future remains unclear in 2023 and 2024. Therefore, investors should wait a few months, or even a few quarters, if they’re considering buying GME stock.

Is GameStop a good long term investment?

GameStop’s Future Remains Uncertain

Intelligent investors should approach GameStop with caution and consider its long-term outlook before making any investment decisions. GameStop raised funds during the meme stock frenzy but has shown limited progress in diversifying its business beyond video game rentals.

Is GameStop a good stock to buy 2023?

Don’t Rush Into GME Stock

There are several unknowns and GameStop’s future remains unclear in 2023 and 2024. Therefore, investors should wait a few months, or even a few quarters, if they’re considering buying GME stock.

Is GameStop stock undervalued?

Conclusion. In conclusion, the stock of GameStop (NYSE:GME) gives every indication of being significantly undervalued. The company’s financial condition is fair, and its profitability is fair. Its growth ranks worse than 63.3% of 891 companies in the Retail – Cyclical industry.

What is GameStop stock prediction for 2025?

GameStop Stock Prediction 2025

The GameStop stock prediction for 2025 is currently $ 38.62, assuming that GameStop shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 201.92% increase in the GME stock price.

What is GameStop stock prediction for 2030?

GameStop Stock Prediction 2030

In 2030, the GameStop stock will reach $ 647.05 if it maintains its current 10-year average growth rate. If this GameStop stock prediction for 2030 materializes, GME stock willgrow 4,682.32% from its current price.

How good are analyst price targets?

Are Price Targets Accurate? Despite the best efforts of analysts, a price target is a guess with the variance in analyst projections linked to their estimates of future performance. Studies have found that, historically, the overall accuracy rate is around 30% for price targets with 12-18 month horizons.

Is GameStop a hold or sell?

Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding GameStop Corp is ‘Sell’.

What is the prediction for GameStop 2023?

The forecasted GameStop price at the end of 2023 is $15.68 – and the year to year change -28%. The rise from today to year-end: +20%.

What is the future forecast for GME?

GME Stock 12 Months Forecast

Based on 1 Wall Street analysts offering 12 month price targets for GameStop in the last 3 months. The average price target is $6.00 with a high forecast of $6.00 and a low forecast of $6.00. The average price target represents a -54.41% change from the last price of $13.16.

Will GameStop ever be profitable?

GameStop was able to stave off bankruptcy thanks to r/WallStreetBets’ support—and this March, the company turned its first quarterly profit since 2021.

Should I buy or sell GME?

Trading levels for GME

Should I buy or sell Gamestop Stock? Gamestop holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Why not to invest in GameStop?

Don’t Rush Into GME Stock

GameStop is undergoing some major changes, including an executive-level shakeup. Plus, GameStop’s cost-reduction efforts might or might not put the company in a better financial position for the long term. There are several unknowns and GameStop’s future remains unclear in 2023 and 2024.

Will GameStop ever rise again?

With GameStop (NYSE:GME) ensconced in a business that looks doomed to contract for the foreseeable future and the company embracing a losing strategy, GME stock looks poised to continue slumping in 2024. Also importantly, the retailer’s new CEO has little experience when it comes to leading brick-and-mortar retailers.

Should I keep holding GameStop?

Despite some positive recent momentum, investors should remain cautious with GameStop (NYSE:GME) stock. This meme stock is one that continues to trade divorced from fundamentals.

Will GME reach $100?

Will GME reach $100? It further predicted GME could reach $42.47 by the end of December 2023 and close 2025 at $72.54. Wallet Investor did not provide targets for 2030, but its five-year GME stock forecast suggested that the stock could hit $99.87 by October 2027.

Why is GameStop stock dropping?

GameStop’s shares continued to decline in September after GameStop announced that Cohen had officially become the company’s CEO. Cohen’s survival memo to GameStop employees — which called for stringent frugality to streamline operations and steer the company toward profitability — did little to improve the situation.

Why is GameStop stock price so high?

The GameStop stock price run-up essentially resulted from a pump-and-dump scheme. In such a scenario, an investor or investors buy heavily into a low-value stock, something that they can get cheaply and in volume. Then they begin a promotional campaign to get other investors buying in as well.

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