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GameStop Runway Narrows After Q4 Results: ‘We Expect The Company’s Demise At Some Point Later This Decade’
Video game retailer GameStop Corporation (NYSE:GME) reported fourth-quarter financial results Tuesday after market close that saw revenue and earnings per share come in shy of estimates from analysts. Here’s what one analyst is saying after the latest quarterly report. The GameStop Analyst: Wedbush analyst Michael Pachter has an Underperform rating and lowers the price target from $6 to $5.60. Related Link: Meme King Ryan Cohen Now Able To Trade Stocks With GameStop Funds The Analyst Takeaways: Positive industry trends and an extra week in the quarter couldn’t help the video game company grow revenue, Pachter said. “GameStop delivered a large sales decline as it continues to deal with a mix shift in software sales, declining hardware sales, fewer large console releases, and the …Full story available on Benzinga.com
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5 Comments
Most Voted
1 month ago
GameStop might be facing a tough runway, but don’t count them out just yet
1 month ago
With the rise of digital gaming, they’ve got to pivot hard, maybe even redefining what it means to be a game retailer
30 days ago
Post-Q4, GameStop’s runway diminishes as analysts foresee the company’s demise later this decade. Challenges mount for the gaming retailer’s future prospects
30 days ago
GameStop faces a narrowing runway following Q4 results, with analysts predicting its eventual demise later this decade. Tough times ahead for the gaming giant.
30 days ago
GameStop’s runway narrows post-Q4 results, with analysts forecasting the company’s demise later this decade. A challenging outlook looms for the gaming retailer.