GameSquare Holdings (GAME, Financial) has announced a strategic collaboration with GGTech Entertainment, marking a significant development in the gaming industry. This partnership aims to leverage the strengths of both companies, each recognized for their global reach, extensive customer bases, and advanced technologies.
As part of the agreement, GameSquare will initially gain the rights to license GAMERGY, a gaming event brand, from GGTech for operations across the United States. The agreement outlines GameSquare's responsibilities to grow and enhance GGTech’s gaming events and activities within the U.S., building on GAMERGY’s established history and presence spanning over nine years in nine cities across three continents.
This collaboration is expected to harness the capabilities of both entities to further influence the gaming sector, drawing on their collective expertise and innovative approaches to the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for GameSquare Holdings Inc (GAME, Financial) is $3.33 with a high estimate of $4.00 and a low estimate of $3.00. The average target implies an upside of 394.05% from the current price of $0.67. More detailed estimate data can be found on the GameSquare Holdings Inc (GAME) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, GameSquare Holdings Inc's (GAME, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for GameSquare Holdings Inc (GAME, Financial) in one year is $1.24, suggesting a upside of 83.79% from the current price of $0.6747. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the GameSquare Holdings Inc (GAME) Summary page.
