Gamestop Corporation (GME) : Analyst Rating Update

Gamestop Corporation (GME) : 14 analysts are covering Gamestop Corporation (GME) and their average rating on the stock is 2.07, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Gamestop Corporation (GME) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Gamestop Corporation (GME) : 9 Wall Street analysts covering Gamestop Corporation (GME) believe that the average level the stock could reach for the short term is $36.26. The maximum price target given is $45 and the minimum target for short term is around $26, hence the standard deviation is calculated at $5.93.

Gamestop Corporation (NYSE:GME): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.23 and $25.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.47, notching a gain of 0.65% for the day. The total traded volume was 2,490,315 . The stock had closed at $26.30 on the previous day.

The company shares have dropped -42.50% from its 1 Year high price. On Aug 14, 2015, the shares registered one year high at $47.83 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.40 and the 200 Day Moving Average price is recorded at $28.95.

GameStop Corp. is a multichannel video game, consumer electronics and wireless services retailer. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and a Technology Brands segment. The Video Game Brands segments include 6,206 stores, 4,138 of which are included in the United States segment. There are 331, 421, and 1,316 stores in the Canadian, Australian and European segments, respectively. Each of the Video Game Brands segments consists primarily of retail operations, with all stores engaged in the sale of video game systems, software and accessories. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards and prepaid digital, among others. They also carry mobile and consumer electronics products, which consist primarily of mobile devices, tablets and related accessories. Its Technology Brands segment includes its Spring Mobile and Simply Mac businesses.

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