- GameStop (GME, Financial) experiences an 8.3% surge in the past month, driven by improved earnings forecasts.
- Analysts have significantly increased quarterly earnings projections by 166.67%.
- Despite recent gains, analyst consensus suggests a potential downside risk for the stock.
GameStop Corp (GME) has been making waves in the stock market thanks to a positive shift in its earnings outlook. Analysts have been consistently raising their earnings estimates, leading to an impressive 8.3% climb in the stock over the past month. These adjustments have helped GameStop earn a "Strong Buy" rating.
Wall Street Analysts Forecast
According to projections from one analyst, the one-year price target for GameStop Corp (GME, Financial) stands at an average of $13.50, with both the high and low estimates aligning at $13.50. This suggests that, from the current price of $25.40, there is an anticipated downside of 46.85%. Investors can explore further details through the GameStop Corp (GME) Forecast page.
Considering the consensus recommendation from one brokerage firm, GameStop Corp's (GME, Financial) status currently receives an average recommendation of 5.0, which falls under the "Sell" category. This rating operates on a scale from 1 to 5, where 1 means Strong Buy, and 5 signifies Sell.
GuruFocus estimates place the GF Value for GameStop Corp (GME, Financial) at $9.71 in one year's time. This estimated value points to a potential downside of 61.77% from the existing price of $25.40. The GF Value represents GuruFocus' assessment of the fair trading value for the stock, calculated using historical trading multiples, past business growth, and future performance expectations. More comprehensive information is available on the GameStop Corp (GME) Summary page.
