GameStop Receives a Buy from Oppenheimer

By George MacDonald

Oppenheimer analyst Brian Nagel reiterated a Buy rating on GameStop (NYSE: GME) today and set a price target of $40. The company’s shares opened today at $34.23, close to its 52-week low of $31.81.

GameStop has an analyst consensus of Moderate Buy, with a price target consensus of $51.20.

GameStop`s market cap is currently $3.65B and has a P/E ratio of 10.7. The company has a book value ratio of 1.83%.

According to TipRanks, Nagel is a 4-star analyst with an average return of 5.4% and a 60.4% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Bed Bath & Beyond.

Gamestop Corp is a multichannel video game retailer. It sells new and pre-owned video game hardware, physical and digital video game software, accessories, as well as PC entertainment software, new and pre-owned mobile and consumer electronics products.