Wedbush analyst Michael Pachter maintained a Sell rating on GameStop (GME – Research Report) today and set a price target of $6.00. The company’s shares opened today at $27.31.
Pachter covers the Technology sector, focusing on stocks such as Electronic Arts, fuboTV, and Activision Blizzard. According to TipRanks, Pachter has an average return of -6.2% and a 41.67% success rate on recommended stocks.
Currently, the analyst consensus on GameStop is a Moderate Sell with an average price target of $16.00.
See the top stocks recommended by analysts >>
GME market cap is currently $8.38B and has a P/E ratio of -9.89.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on GME:
