Wedbush analyst Michael Pachter maintained a Buy rating on GameStop (NYSE: GME) today and set a price target of $19. The company’s shares opened today at $15.25.
According to TipRanks.com, Pachter is a 2-star analyst with an average return of 0.6% and a 52.4% success rate. Pachter covers the Services sector, focusing on stocks such as AMC Entertainment, Pandora Media, and Best Buy Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GameStop with a $16 average price target, which is a 4.9% upside from current levels. In a report issued on September 5, Jefferies also maintained a Buy rating on the stock with a $18 price target.
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Based on GameStop’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $24.9 million. In comparison, last year the company had a net profit of $22.2 million.
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GameStop Corp. engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, Europe, and Technology Brands.
