GameStop (GME) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" GME shares.
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1 Wall Street research analysts have issued twelve-month target prices for GameStop's shares. Their GME share price forecasts range from $5.30 to $5.30. On average, they predict the company's share price to reach $5.30 in the next twelve months. This suggests that the stock has a possible downside of 76.0%.
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GameStop's stock was trading at $18.46 at the beginning of 2023. Since then, GME stock has increased by 19.5% and is now trading at $22.06.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our GME earnings forecast.

GameStop Corp. (NYSE:GME) announced its quarterly earnings data on Tuesday, March, 21st. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.29. The business earned $2.23 billion during the quarter, compared to analysts' expectations of $2.18 billion. GameStop had a negative trailing twelve-month return on equity of 23.09% and a negative net margin of 5.28%. The company's revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.47) earnings per share.

ETFs with the largest weight of GameStop (NYSE:GME) stock in their portfolio include SoFi Web 3 ETF (TWEB), Roundhill MEME ETF (MEME), VanEck Social Sentiment ETF (BUZZ), Wedbush ETFMG Video Game Tech ETF (GAMR), VanEck Video Gaming and eSports ETF (ESPO), SoFi Social 50 ETF (SFYF), SPDR S&P Retail ETF (XRT) and Pacer BlueStar Digital Entertainment ETF (ODDS).

GameStop shares split on Friday, July 22nd 2022. The 4-1 split was announced on Wednesday, July 6th 2022. The newly created shares were payable to shareholders after the closing bell on Thursday, July 21st 2022. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

342 employees have rated GameStop Chief Executive Officer George Sherman on Glassdoor.com. George Sherman has an approval rating of 26% among the company's employees. This puts George Sherman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other GameStop investors own include General Electric (GE), AT&T (T), Ford Motor (F), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Tesla (TSLA), Walt Disney (DIS), Alibaba Group (BABA) and Energy Transfer (ET).

GameStop trades on the New York Stock Exchange (NYSE) under the ticker symbol "GME."

GameStop's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.26%), State Street Corp (2.48%), Geode Capital Management LLC (1.19%), Susquehanna International Group LLP (0.00%), Sandler Capital Management (0.00%) and Bank of New York Mellon Corp (0.71%). Insiders that own company stock include Alain Attal, Diana Saadeh-Jajeh, James Grube, Kurt James Wolf, Lawrence Cheng, Raul J Fernandez and Ryan Cohen.
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Shares of GME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GME stock can currently be purchased for approximately $22.06.

GameStop (NYSE:GME) has a market capitalization of $6.72 billion and generates $5.93 billion in revenue each year. The company earns $-313,100,000.00 in net income (profit) each year or ($1.03) on an earnings per share basis.

The company employs 11,000 workers across the globe.

GameStop's mailing address is 625 WESTPORT PARKWAY, GRAPEVINE TX, 76051. The official website for the company is www.gamestop.com. The company can be reached via phone at (817) 424-2000, via email at investorrelations@gamestop.com, or via fax at 817-424-2002.