In a report released today, Michael Pachter from Wedbush maintained a Sell rating on GameStop (GME – Research Report), with a price target of $7.50. The company’s shares opened today at $28.26.
According to TipRanks, Pachter is an analyst with an average return of -5.7% and a 40.92% success rate. Pachter covers the Technology sector, focusing on stocks such as Unity Software, Activision Blizzard, and Take-Two.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for GameStop with a $7.50 average price target.
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GME market cap is currently $8.41B and has a P/E ratio of -17.65.
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GameStop Corp. engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, Europe, and Technology Brands. The United States segment includes the retail operations and electronic commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine, and Kongregate. The Canada segment comprises of retail and e-commerce business. The Australia segment refers to the retail and e-commerce operations in Australia and New Zealand. The Europe segment pertains to the retail and e-commerce operations in the European countries. The Technology Brands segment consists of Spring Mobile managed AT&T and Cricket Wireless branded stores, and Simply Mac stores. The company was founded in June 2000 and is headquartered in Grapevine, TX.
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