GameStop Corporation – Consensus indicates downside potential of -64.9%

GameStop Company with ticker code (GME) now have 3 analysts covering the stock with the consensus suggesting an ‘Underperform’ rating. The range between the target price high and the target price low is between 90 and 23 calculating the average target price we have 47.67. Together with the stock’s previous close at 135.95, this now indicates that there is downside potential of -64.9%. The 50-day moving average now stands at 129.82 while the 200-day moving average is at 159.12. The company has a market cap of $9,741 million. Visit the company’s website at: https://www.gamestop.com

The potential market capitalization would be $3,416 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 gaming rigs; accessories, such as controllers, gaming headsets, virtual reality products and memory cards; new and used game software; and in-game digital currency, downloadable digital content, and full game downloads. It also sells collectibles including licensed merchandise primarily related to the gaming, television and film industries, as well as pop culture themes. As of January 29, 2022, the company operated 4,573 stores and e-commerce sites under the GameStop, EB Games and Micromania brands; and 50 pop culture-themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand, as well as Game Informer, a print and digital video game publication featuring reviews of new releases, previews of big titles on the horizon, and coverage of the latest developments in the gaming industry. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.

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