Do Analysts Agree Thursday on GameStop Corp. (GME) Stock’s Target price?
Wall Street is neutral on GameStop Corp. (GME). On average, analysts give GameStop Corp. a Sell rating. The average price target is $57, which means analysts expect the stock to decrease by -72.04% over the next twelve months.
That average ranking earns GameStop Corp. an Analyst Rating of 1, which is better than 1% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company’s financial statements are a significant factor weighted by experts when analyzing a company’s health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What’s Happening With GameStop Corp. Stock Today?
GameStop Corp. (GME) stock has risen 1.95% while the S&P 500 is down -0.53% as of 11:10 AM on Thursday, Aug 26. GME has gained $3.90 from the previous closing price of $199.99 on volume of 2,257,423 shares. Over the past year the S&P 500 has gained 28.56% while GME has gained 3890.02%. GME lost -$1.78 per share the over the last 12 months.
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