Wedbush analyst Michael Pachter reiterated a Hold rating on Gamestop Corp. on Thursday, setting a price target of $16, which is approximately 92.07% below the present share price of $201.75.
Pachter expects Gamestop Corp. to post earnings per share (EPS) of -$0.29 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Sell rating of shares in GameStop, with an average price target of $18.
The analysts price targets range from a high of $33 to a low of $10.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $1 billion and a net profit of -$84.1 million. The company's market cap is $14.07 billion.
According to TipRanks.com, Wedbush analyst Michael Pachter is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.3% and a 58.86% success rate.
GameStop Corp (NYSE:GME). engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, Europe, and Technology Brands. The United States segment includes the retail operations and electronic commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine, and Kongregate. The Canada segment comprises of retail and e-commerce business. The Australia segment refers to the retail and e-commerce operations in Australia and New Zealand. The Europe segment pertains to the retail and e-commerce operations in the European countries. The Technology Brands segment consists of Spring Mobile managed AT&T and Cricket Wireless branded stores, and Simply Mac stores. The company was founded in June 2000 and is headquartered in Grapevine, TX.