Gamestop stock prediction 2023

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What is the GameStop Corporation-Class A stock forecast for 2023?

The Gamestop Corporation – Class A stock forecast is 159.86623685439 USD for 2023 January 21, Saturday; and 442.904 USD for 2027 January 21, Thursday. Gamestop Corporation – Class A stock forecast, GME price prediction: Buy or sell GameStop Corp. shares?

What will the GameStop share price be in 2021?

In its GameStop share price forecast of 28 October, algorithm-based forecasting site Wallet Investor predicts the share price will climb over the long term from $175.97 at the end of 2021, to $226.67 by the end of 2022, $277.40 by the end of 2023 and $378.33 by the end of 2025. Is GameStop a good stock to buy?

What is the downside in GameStop’s stock price?

On average, they expect GameStop’s stock price to reach $73.67 in the next twelve months. This suggests that the stock has a possible downside of 20.5%. View analysts’ price targets for GameStop or view top-rated stocks among Wall Street analysts.

Is GameStop (GME) stock headed to $37?

Meanwhile, the consensus rating for GameStop at the moment is ‘sell’ based on data compiled by Seeking Alpha, with the consensus GameStop (GME) stock prediction currently standing at $37 per share – nearly 80% lower than the current price of $182.85 per share. Only four analysts appear to be covering the stock at the moment.

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What is the prediction for GameStop stock?

Stock Price Forecast The 3 analysts offering 12-month price forecasts for GameStop Corp have a median target of 110.00, with a high estimate of 121.40 and a low estimate of 30.00. The median estimate represents a -19.41% decrease from the last price of 136.49.


Is GameStop a buy or sell?

GameStop has received a consensus rating of Reduce. The company’s average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings.


Should I buy a GME stock?

Gamestop (GME) stock is likely to decline after the current overheated rally. The stock can still be profitable in the long term if revenue growth stays consistent. But investors should avoid buying GME stock due to the high short-term risk.


Will GME stock go up?

GME shares nearly doubled to over $300 in four weeks. Fundamentally, little more than a mixed-bag earnings report delivered last week justifies the March 2022 bullishness. It certainly “smells” like another meme-style move higher, which could still be great news for GME investors.


Is GAMESTOP Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering ( NYSE : GME ) stock is to Sell GME stock. Out of 2 analysts , 0 ( 0% ) are recommend…


What is GME’s earnings growth forecast for 2023-2024?

( NYSE : GME ) GAMESTOP ‘s forecast annual earnings growth rate of N/A is not forecast to beat the US Specialty Retail industry’s average f…


What is GME’s revenue growth forecast for 2023-2024?

( NYSE : GME ) GAMESTOP ‘s forecast annual revenue growth rate of 4.85% is not forecast to beat the US Specialty Retail industry’s average…


What is GME’s forecast return on assets (ROA) for 2023-2024?

(NYSE: GME) forecast ROA is -8.62%, which is lower than the forecast US Specialty Retail industry average of 14.98%.


What is GME’s Price Target?

According to 2 Wall Street analyst s that have issued a 1 year GME price target, the average GME price target is $26.50 , with the highest…


What is GME’s Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: GME) GAMESTOP’s current Earnings Per Share (EPS) is -$6.30. On average, analysts forecast that GME’s EPS will be -$5.97 for 2023, with the l…


What is GME’s forecast return on equity (ROE) for 2023-2024?

(NYSE: GME) forecast ROE is -18.58%, which is considered weak.


How much did GameStop lose in 2020?

The company reduced its net loss to $215.3m for the year, down from $470.9m in the previous financial year.


Why does GameStop use stock?

GameStop uses stock rally to reduce debt and gear up for transformation. The meteoric rise in the share price has allowed GameStop to raise funds from the equity market to pay down its debt. In April, the company sold 3.5 million shares for $551m and announced the redemption of $216.4m in its outstanding 10.0% Senior Notes due in 2023, …


What is the price of GME stock in 2021?

The GME share price exploded to a record intraday high of $483 a share on 28 January 2021, having traded as low as $3.77 a share in the summer of 2020. Retail investors flocked to the stock in anticipation of a short squeeze, with the company expected to benefit from the growth of gaming and demand for new consoles.


Is GameStop going through a shakeup?

GameStop is undergoing a complete management shakeup, with almost all the top executives leaving the company. Sherman resigned as CEO in April and will step down in July. Most of the company’s directors did not stand for reelection at the annual shareholder’s meeting on 9 June.


Who is the CEO of GameStop?

The company announced following the meeting that Matt Furlong would be appointed as CEO and Mike Recupero as chief financial officer (CFO), with both joining GameStop from Amazon. Activist investor Ryan Cohen, the co-founder of Chewy, was appointed chairman of the board at the meeting.


Is GameStop closing stores?

Cohen invested in the company in 2020 and has been pushing it to close unprofitable stores and focus on e-commerce sales. GameStop wound down operations in Denmark, Finland, Norway and Sweden last year, the company said in its previous financial report.


GameStop Corp Stock Forecast

Over the next 52 weeks, GameStop Corp has on average historically risen by 74.8 % based on the past 18 years of stock performance.


Will GameStop Corp Stock Go Up Next Year?

Over the next 52 weeks, GameStop Corp has on average historically risen by 74.8% based on the past 18 years of stock performance.


GameStop Corp Stock Price History

The current trend is relatively stagnant and GME is experiencing slight selling pressure.


Stock Predictions

Is GameStop Corp stock public?
Yes, GameStop Corp is a publicly traded company.


About GameStop

GameStop Corp. engages in the retail of multichannel video games, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, and Europe.


Headlines

Loopring Falls 76% — Buy the Dip Before GameStop Deal or Bail Out? – Nasdaq


GameStop (NYSE:GME) Frequently Asked Questions

4 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for GameStop in the last twelve months. There are currently 4 sell ratings for the stock. The consensus among Wall Street research analysts is that investors should “sell” GameStop stock.
View analyst ratings for GameStop or view top-rated stocks.


Classic meme stock

When assessing whether GameStop is a good stock to buy, it is crucial to realise that much of the movement in GME stock is not related to the company’s performance. Instead it is a classic “meme stock”, its price reacting to surges in viral activities on social media and the like.


The first meme stock cycle

Meanwhile, the company completed the so-called meme or long-short cycle twice. Generally, as a meme stock company release new information, a bullish spiral starts on its stocks price, followed by a profit-taking one.


The second cycle

The second cycle accompanied the company’s last results as GME posted a positive Q1 2021, with it recovering, though not completely, from losses. GameStop witnessed an operating loss of $40.8m, against a $108m loss in the 2irst financial quarter of 2020


GameStop stock: buy or sell?

On Wednesday 24 August, the attention of some institutional investors on the stock seems to have triggered another meme cycle, with the price share jumped to a $212 level before moving back to $202 support on Thursday 26.


GameStop price prediction for 2021

As this could be the third GME meme cycle it is difficult to predict where does the price is going, however, some analysts are providing their GameStop price prediction.


GameStop stock prediction for 2025

The same Gov.capital provides investors with a GME stock prediction 2025 for December of around $367, with the price of the stock moving in the $312-$422 area.


Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners.


GME valuation and stock price drivers

GameStop shares were trading at around $163 on 18 August after appreciating by nearly 3,500% over the past 12 months. To put this into perspective, the S&P 500 Index (US500) was up 31.9% and the shares of Amazon, the world’s biggest online retailer, were -0.57% over the same period.


Will GameStop shares go up again?

GameStop shares have had a roller coaster ride this year, marked by some ample daily increases and declines. Each spike was followed by a sharp correction and an accumulation period.


Trader sentiment

With the GME stock price down about 50% from its most recent peak of $302 on 9 June, the traders’ sentiment on the stock is now tilted towards the negative side.


Should I buy GameStop stock?

If you ask Reddit members, you will probably get a “definitely yes!”. Posts arguing why the price of GME shares could reach anywhere from $12,000 to $28,000 are not uncommon in the forum.


Should I sell GameStop stock?

The equity research analysts’ consensus for GME stock is “sell”. However, the number of analysts covering the stock has thinned significantly since the beginning of this year as the high volatility and the strong reactions to any comment related to this stock have determined most equity analysts to take a cautious approach.


GME share price history

GME volatility has been extremely high this year, especially in January and February, when the share price saw five days with gains of over 50% and five days with losses of over 30%. Intraday movements have also been violent, especially on January 27, when the GME stock price climbed from $148 to an all-time high of $483 and then closed at $348.


GME history and profile

GameStop is a Fortune 500 company headquartered in Grapevine, Texas. It presents itself as a digital-first omni-channel retailer, offering games and entertainment products in its more than 4,000 stores and comprehensive e-Commerce properties across 10 countries.


Workhorse ( WKHS)

If any name could be the next GameStop, it could be Workhorse, the electric vehicle (EV) manufacturer that everyone seemingly thought was a shoo-in for the U.S. Postal Service’s contract for next-generation mail carriers.


Reddit Stocks: Marathon Digital ( MARA)

With the year that cryptocurrencies had in 2021, it was perhaps only inevitable that the sector would incur a serious correction. As I sit here writing this, over the trailing week, several major cryptos have printed red ink to the magnitude of 15% or greater.


Lottery.com (LTRY)

As I mentioned before, this list of potentially massive Reddit stocks for 2022 is simply a giant guess. Treat this as merely my attempt to amuse myself. However, I’m noticing some patterns regarding which securities receive outsized attention. Therefore, it may not be out of the realm of possibility that Lottery.com could be a hit this year.

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