GameStop Price Predictions: Where Will GME Stock Head Next?

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GameStop Price Predictions: Where Will GME Stock Head Next?

InvestorPlace2022-06-08

GameStop(GME) currently carries a short interest of 24%.The short interest is equivalent to 15.12 million shares.Shares of GME stock are down about 4% year-to-date and are expected to fall to a price ...

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RTWL
·2022-06-08
No price anchoring but millions will be a decent start. Buy. DRS. Hold.
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AdrianeC
·2022-06-08
We're going to the moon baby 🚀🚀
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jayjong
·2022-06-08
drsgme.org
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Joyus
·2022-06-08
👍
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gamestonk
·2022-06-08
to da moon, thats where. [NosePick]
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michaelchan8
·2022-06-08
Fud article. The analyst should learn how to read OBV chart and learn that retail investors are not leaving
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michaelchan8
·2022-06-08
Article fails to mention around 12mil shares are officially DRS aka out of reach of SHF. The door to escape for SHF is closing.
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The short interest figure is equivalent to15.12 million shares, which would take 3.5 days to fully cover. Shares of GME stock have declined by about 4% year-to-date, surprisingly outperforming the S&P 500’s decline of 13%.Randy Frederick, a managing director at the Schwab Center for Financial Research, believes the short interest may be attributed to institutional investors. He explains, “institutional investors don’t have the luxury of sitting on sidelines and they are much more comfortable going short so they are becoming the more dominant player in the market.”On top of that, Frederick believes retail investors are sitting on the sidelines in light of the market decline and have “lost money in many cases.”With that in mind, let’s take a look at GameStop price predictions.GME Stock Price PredictionsJefferies has a price target of $110. Analyst Stephanie Wissink says the company has failed to supply investors with “guidance or a full blueprint.” However, Wissink notes GameStop’s cash balance is healthy enough to “disregard near-term margin degradation.” The company’s potential is ultimately based on customer trust, its loyalty program and the transition to e-commerce. In the meantime, GameStop must stabilize its retail business and stay in line with physical and digital gaming trends.Wedbush has a price target of $30. Analyst Michael Pachter calculated his price target based on sum of the parts (SOTP) analysis. Pachter believes GameStop’s cash on hand is worth $16 per share and its “modest going concern value” is worth $10 per share. The analyst assigns a “more modest option value” for the company’s non-fungible token (NFT) business at $4 per share. The low value for GameStop’s NFT exchange is because of the investment necessary to start up the exchange.Ascendient Capital has aprice target of $23. Analyst Edward Woo states the price target reflects GameStop’s estimated current cash value per share as well as “significant digital and execution risks.” Meanwhile, Woo is concerned the company’s core video game business will slow down once hardware sales “temper as the installed base matures.” Finally, the analyst notes GME stock does not trade on fundamentals, but rather on “sentiment, hope, momentum, and the powers of crowds.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9051228525,"gmtCreate":1654701136867,"gmtModify":1676535495059,"author":{"id":"3575275375929012","authorId":"3575275375929012","name":"RTWL","avatar":"https://static.tigerbbs.com/c8e48bad8fa92b8f46711dd9817bd787","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575275375929012","authorIdStr":"3575275375929012"},"htmlText":"No price anchoring but millions will be a decent start. Buy. DRS. Hold.&nbsp;","listText":"No price anchoring but millions will be a decent start. Buy. DRS. Hold.&nbsp;","text":"No price anchoring but millions will be a decent start. Buy. DRS. Hold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051228525","repostId":1139508634,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051857453,"gmtCreate":1654671141072,"gmtModify":1676535489634,"author":{"id":"3565238161426214","authorId":"3565238161426214","name":"AdrianeC","avatar":"https://static.tigerbbs.com/ed415b9efc96c415aa2832628585a067","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565238161426214","authorIdStr":"3565238161426214"},"htmlText":"We're going to the moon baby 🚀🚀","listText":"We're going to the moon baby 🚀🚀","text":"We're going to the moon baby 🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051857453","repostId":1139508634,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051825858,"gmtCreate":1654668218874,"gmtModify":1676535489233,"author":{"id":"3572242811173585","authorId":"3572242811173585","name":"jayjong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572242811173585","authorIdStr":"3572242811173585"},"htmlText":"drsgme.org","listText":"drsgme.org","text":"drsgme.org","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051825858","repostId":1139508634,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051888200,"gmtCreate":1654664069200,"gmtModify":1676535488639,"author":{"id":"3574397806525082","authorId":"3574397806525082","name":"Joyus","avatar":"https://static.tigerbbs.com/be788755f764f5e5e5cb1d49eec190f0","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3574397806525082","authorIdStr":"3574397806525082"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051888200","repostId":1139508634,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051811653,"gmtCreate":1654662168372,"gmtModify":1676535488400,"author":{"id":"3574829542362702","authorId":"3574829542362702","name":"gamestonk","avatar":"https://community-static.tradeup.com/news/f21dc7e592a8f6ddf386be8f5221ec26","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3574829542362702","authorIdStr":"3574829542362702"},"htmlText":"to da moon, thats where.&nbsp;[NosePick]&nbsp;","listText":"to da moon, thats where.&nbsp;[NosePick]&nbsp;","text":"to da moon, thats where. [NosePick]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051811653","repostId":1139508634,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051833839,"gmtCreate":1654660174221,"gmtModify":1676535487864,"author":{"id":"3585361413732704","authorId":"3585361413732704","name":"michaelchan8","avatar":"https://community-static.tradeup.com/news/6fc3165fdf6e1ba1ae2afd05cb876b1d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"3585361413732704","authorIdStr":"3585361413732704"},"htmlText":"Fud article. The analyst should learn how to read OBV chart and learn that retail investors are not leaving&nbsp;","listText":"Fud article. The analyst should learn how to read OBV chart and learn that retail investors are not leaving&nbsp;","text":"Fud article. The analyst should learn how to read OBV chart and learn that retail investors are not leaving","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051833839","repostId":1139508634,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051839106,"gmtCreate":1654660040205,"gmtModify":1676535487839,"author":{"id":"3585361413732704","authorId":"3585361413732704","name":"michaelchan8","avatar":"https://community-static.tradeup.com/news/6fc3165fdf6e1ba1ae2afd05cb876b1d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"3585361413732704","authorIdStr":"3585361413732704"},"htmlText":"Article fails to mention around 12mil shares are officially DRS aka out of reach of SHF. The door to escape for SHF is closing.","listText":"Article fails to mention around 12mil shares are officially DRS aka out of reach of SHF. The door to escape for SHF is closing.","text":"Article fails to mention around 12mil shares are officially DRS aka out of reach of SHF. The door to escape for SHF is closing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051839106","repostId":1139508634,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":50,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}