Benchmark Co. Trims GameStop Corp. Target Price to $33.00 (GME)
Equities research analysts at Benchmark Co. decreased their price target on shares of GameStop Corp. (NYSE:GME) from $34.71 to $33.00 in a research note issued to investors on Monday. Benchmark Co.’s target price would suggest a potential downside of 16.75% from the company’s current price.
Shares of GameStop Corp. (NYSE:GME) opened at 39.64 on Monday. GameStop Corp. has a 1-year low of $33.10 and a 1-year high of $57.74. The stock has a 50-day moving average of $42.03 and a 200-day moving average of $39.21. The company has a market cap of $4.513 billion and a price-to-earnings ratio of 13.38.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.02. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company posted $0.46 earnings per share. GameStop Corp.’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that GameStop Corp. will post $3.68 EPS for the current fiscal year.
GME has been the subject of a number of other recent research reports. Analysts at Wedbush reiterated a “buy” rating on shares of GameStop Corp. in a research note on Friday, May 23rd. Analysts at Ascendiant Capital Markets raised their price target on shares of GameStop Corp. from $53.00 to $54.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $50.92.
GameStop Corp. (NYSE:GME) is a holding company.
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