GameStop Corporation – Consensus indicates downside potential of -44.8%

GameStop Company with the ticker code (GME) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The target price ranges between 26 and 6 and has an average target at 16. Given that the stock’s previous close was at 28.96, this indicates that there is downside potential of -44.8%. The 50-day moving average is 33.9 and the 200-day MA is 32.34. The company has a market capitalization of $8,387 million. Visit the company’s website at: https://www.gamestop.com

The potential market capitalization would be $4,634 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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