- GameStop Corp. (GME, Financial) sees a surge in insider buying, led by CEO Ryan Cohen.
- Wall Street analysts offer a bearish outlook with significant downside predicted.
- GuruFocus estimates suggest the stock is overvalued, with a notable GF Value downside.
GameStop Corp. (GME), a prominent player in the gaming retail industry, recently witnessed notable insider buying activity. In April, CEO Ryan Cohen, along with two other insiders, invested $11.14 million in company shares. This purchase is particularly significant as it marks Cohen's first increase in holdings in over two years. Currently, GameStop's stock is trading at $26.98, reflecting a remarkable 168.19% increase over the past year.
Wall Street Analysts Forecast
Wall Street analysts maintain a cautious stance on GameStop's future performance. The average price target set by one analyst stands at $13.50, with both the high and low estimates mirroring this figure. At this target, the stock implies a substantial downside of 49.91% from its current price of $26.95. Investors can delve into more detailed predictions on the GameStop Corp (GME, Financial) Forecast page.
The consensus among brokerage firms rates GameStop Corp. with an average recommendation of 5.0, placing it in the "Sell" category. This rating falls on a scale where 1 indicates a Strong Buy and 5 represents a Sell, highlighting the bearish sentiment surrounding the stock.
GuruFocus Valuation Insights
According to GuruFocus estimates, the projected GF Value for GameStop in one year is $9.71. This valuation suggests an even steeper downside of 63.97% from the current trading price of $26.9501. The GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical multiples, past business growth, and future performance estimates. For a broader analysis, visit the GameStop Corp (GME, Financial) Summary page.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
