- GameStop CEO Ryan Cohen is facing a lawsuit from Bed Bath & Beyond, seeking $47.2 million for alleged insider trading violations.
- Analysts predict a significant downside for GameStop's stock, with price targets set well below its current value.
- GuruFocus metrics indicate a further drop in stock value, estimating a GF Value significantly lower than the trading price.
GameStop CEO Ryan Cohen finds himself entangled in legal challenges as Bed Bath & Beyond, now bankrupt, has filed a $47.2 million lawsuit against him. The lawsuit alleges Cohen breached insider trading regulations by profiting from trading Bed Bath & Beyond shares, maintaining over 10% ownership within a six-month period. The court, presided over by Judge Naomi Reice Buchwald, has directed Cohen to respond to these allegations.
Wall Street Analysts Forecast for GameStop
Wall Street analysts have set a one-year price target for GameStop Corp (GME, Financial) at an average of $13.50. This figure represents both the high and low estimates from one analyst. Currently, GME trades at $26.19, suggesting a potential downside of 48.44%. For a detailed analysis of future price targets, visit the GameStop Corp (GME) Forecast page.
Further, GameStop Corp's (GME, Financial) stock is currently rated at a recommendation of 5.0 by one brokerage firm, categorizing it as a "Sell." This rating system spans from 1 to 5, where 1 indicates a Strong Buy, and 5 signals a Sell recommendation.
According to the GuruFocus estimates, GameStop Corp's (GME, Financial) GF Value estimate for the next year stands at $9.71. This projection implies a significant downside of 62.92% from the current trading price of $26.185. The GF Value provides a fair market value based on historical trading multiples, past business growth, and predicted future performance. For comprehensive data insights, refer to the GameStop Corp (GME) Summary page.
