GameStop Moves Ahead

Tags: gme
9 Jan 2:46am
Posted by ZacksResearch
0 Comments
Read original blog entry

Nice move today in GameStop (GME) shares, up over 11% as I'm writing this. The company reported robust sales for the 9-week holiday season ending January 3.

Comp-store sales increased 10.2% and total sales spiked 22.3% over the year-ago period. Management also boosted its fourth quarter earnings per share from $1.29-$1.34 to $1.31-$1.34.

Despite a difficult consumer spending environment, GameStop remains one of our favorite retail stocks. We maintain our Buy rating and target price of $34.

Read the full analyst report on GME




Get real-time market insights and profitable stock recommendations from the team of analysts at Zacks Equity Research. See all today’s Analyst Blog entries on Zacks.com.

Comments

Back to top

Post comment

Back to top

Post a comment

Please login to post a comment

About

ZacksResearch

Zacks Investment Research is one of the most highly regarded firms in the investment industry. Our firm has long believed that that quantitative models (like the Zacks Rank) can predict stock prices more accurately than individual analysts. However we also recognize that models are most effective when they are employed by analysts who have deep fundamental knowledge of the company and its industry. Consequently Zacks Equity Research combines Zacks quantitative models with the insight provided by an experienced team of 50 analysts to create superior long term stock recommendations. Discover all their timely insight and recommendations daily on Zacks.com.

Recent Entries