GameStop Corporation – Consensus indicates downside potential of -43.6%

GameStop Company with ticker code (GME) now have 3 analysts covering the stock. Analyst consensus points to a rating of ‘Underperform’. The target price ranges between 100 and 23 and has an average target at 56. Given that the stock’s previous close was at 99.35, this would indicate that there is a -43.6% decline. There is a 50-day moving average of 121.07 while the 200-day moving average is 174.8. The company has a market capitalization of $7,865 million. Company website: https://www.gamestop.com

The potential market capitalization would be $4,433 million based on market consensus.

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GameStop Corp., a specialty retailer, offers games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia and Europe. The company sells new and used video game rigs; accessories, such as controllers, gaming headsets, virtual reality products and memory cards; new and used video game software; and in-game digital currency, downloadable digital content and full game downloads, as well as network points cards and prepaid digital and subscription cards. It also sells collectibles including licensed merchandise primarily related to the video game, television and film industries, as well as pop culture themes. The Company operates its stores and e-commerce sites under the GameStop, EB Games and Micromania brands; and collectibles stores under the Zing Pop Culture and ThinkGeek brands, as well as Game Informer, a print and digital video game publication featuring reviews of newly released titles, gaming tips, and industry news of the video game. As of January 30, 2021, it operated 4,816 stores. The company was previously known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.

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