Brokerage Firm Rating on Gamestop Corporation (GME)

Gamestop Corporation (GME) : 7 brokerage houses believe that Gamestop Corporation (GME) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gamestop Corporation (GME). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Gamestop Corporation (GME) : The consensus price target for Gamestop Corporation (GME) is $35.59 for the short term with a standard deviation of $4.8. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $42, however, the pessimist price target for the company is $26.


For the current week, the company shares have a recommendation consensus of Buy. Gamestop Corporation (NYSE:GME): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.53 and $30.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.11, notching a gain of 3.18% for the day. The total traded volume was 2,477,815 . The stock had closed at $30.15 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Gamestop Corp., Shern Stephanie M had sold 1,769 shares worth of $55,175 in a transaction dated March 29, 2016. In this transaction, 1,769 shares were sold at $31.19 per share.

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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