- GameStop's CEO, Ryan Cohen, expands his stake with a $10.7 million share purchase.
- Analysts forecast a potential downside for GameStop stock with a one-year target price of $13.50.
- GuruFocus suggests a significant downside based on its GF Value estimation.
GameStop's (GME, Financial) CEO Ryan Cohen has made a significant move by purchasing an additional 500,000 shares at $21.55 each, amounting to a $10.7 million investment. This acquisition increases Cohen's total ownership to approximately 37 million shares in the gaming retail giant.
Wall Street Analysts' Forecast
The outlook for GameStop Corp (GME, Financial) according to one analyst suggests a one-year price target of $13.50. This target mirrors both the high and low forecasts, indicating a uniform view. Given the current stock price of $26.40, this represents a potential downside of 48.86%. For a more comprehensive analysis, visit the GameStop Corp (GME) Forecast page.
Furthermore, the consensus recommendation from a brokerage firm stands at 5.0, categorizing GameStop Corp's (GME, Financial) stock as a "Sell." This rating operates on a scale where 1 designates a Strong Buy and 5 marks a Sell.
GuruFocus Valuation Metrics
According to GuruFocus, the estimated GF Value for GameStop Corp (GME, Financial) in the next year is $9.71. This estimation implies a considerable downside of 63.22% from the current price of $26.40. The GF Value represents GuruFocus' calculated fair value of the stock, derived from historical trading multiples, past business growth, and projected performance. For further insights, explore the GameStop Corp (GME) Summary page.
