Piper Jaffray Analyst Reiterates Overweight Rating for GameStop Corp. (GME)
Piper Jaffray analyst Michael Olson reiterates an Overweight rating on GameStop Corp. (NYSE:GME) with a price target of $41.00.
The analyst believes that new hit game Pokémon Go, in addition to a mid-cycle refresh and VR possibilities, may be catalysts throughout 2016. While the analyst does not expect Pokémon Go cause material revenue upside, he believes that it is pushing traffic into stores.
According to TipRanks, Michael Olson is ranked #469 of 4,081 analysts and maintains a success rate of 65% with an average return of 8.1%.