In a report released today, Michael Pachter from Wedbush maintained a Buy rating on GameStop (NYSE: GME), with a price target of $19. The company’s shares closed on Friday at $12.67, close to its 52-week low of $12.20.
According to TipRanks.com, Pachter has currently no stars on a ranking scale of 0-5 stars, with an average return of -2.5% and a 49.9% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Pandora Media.
GameStop has an analyst consensus of Hold, with a price target consensus of $14.83.
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The company has a one-year high of $22.96 and a one-year low of $12.20. Currently, GameStop has an average volume of 4.58M.
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GameStop Corp. is a global retailer of multichannel video game, pop culture collectibles, consumer electronics and wireless services. It operates as an omnichannel video game retailer, the AT&T authorized retailer, the Apple certified products reseller, Cricket WirelessTM reseller and the owner of www.thinkgeek.com, sellers of collectible pop culture themed products. The company was founded in June 2000 and is headquartered in Grapevine, TX.
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