Analyst Michael Pachter lowers GameStop's price target to $5.60 and maintains 'Underperform' rating due to missed Q4 net sales and EPS estimates.
GameStop's (GME) price target lowered to $5.60 by analyst Michael Pachter, who maintains a 'Underperform' rating. The company reported Q4 net sales of $1.794B, missing Street's consensus estimate of $2.05B. EPS for Q4 was $0.22, missing a Street estimate of $0.29. The analyst expects GameStop to have a "likely runway of no more than five years" due to lack of a clear strategy to replace lost games sales.
March 26, 2024
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