
GameStop (GME) Stock Forecast & Price Target
GameStop (GME) Analyst Ratings
Bulls say
GameStop Corp demonstrated a notable sequential profit improvement, bolstered by increased interest income from two share offerings that generated approximately $3 billion in cash. The company's adjusted net income reached $5.2 million, outperforming initial estimates, while revenue forecasts for FY:25 remain stable at $3,700 million, accompanied by a revised adjusted EPS estimate reflecting positive momentum. Despite challenges in the retail segment, GameStop's strategic financial maneuvers and effective loss management contribute to a constructive outlook for the company's future performance.
Bears say
GameStop Corp has reported a substantial decline in various revenue streams, with collectibles down 18% year-over-year, software revenue plunging 48%, and hardware and accessories falling 24%, which signals a troubling trend as the market shifts toward digital sales. The company has revised its fiscal year 2024 revenue and adjusted EPS estimates downward, reflecting a deteriorating financial outlook amidst ongoing operational challenges. Additionally, the lack of a strategic plan to adapt to changing market conditions, such as the rise of subscription services and the growth of digital gaming, poses significant barriers to any potential recovery.
This aggregate rating is based on analysts' research of GameStop and is not a guaranteed prediction by Public.com or investment advice.
GameStop (GME) Analyst Forecast & Price Prediction
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