GameStop (GME) Stock Forecast, Price Target & Predictions

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GME Stock Forecast

GameStop stock forecast is as follows: an average price target of $11.00 (represents a -64.68% downside from GME’s last price of $31.14) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.

GME Price Target

The average price target for GameStop (GME) is $11.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $11.00 to $11.00. This represents a potential -64.68% downside from GME's last price of $31.14.

GME Analyst Ratings

Hold

According to 8 Wall Street analysts, GameStop's rating consensus is 'Hold'. The analyst rating breakdown for GME stock is 0 'Strong Buy' (0.00%), 3 'Buy' (37.50%), 4 'Hold' (50.00%), 1 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).

GameStop Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Sep 09, 2024	Michael Pachter	Wedbush	$11.00	$24.59	-55.26%	-64.68%
Mar 27, 2024	Michael Pachter	Wedbush	$5.60	$13.19	-57.54%	-82.02%
Mar 25, 2024	Michael Pachter	Wedbush	$6.00	$14.70	-59.18%	-80.73%
Dec 07, 2023	Michel Pachter	Wedbush	$15.77	$16.33	-3.42%	-49.36%
Mar 17, 2022	Michael Pachter	Wedbush	$11.25	$21.93	-48.69%	-63.87%
Jan 22, 2022	Stephanie Wissink	Jefferies	$25.00	$26.59	-5.98%	-19.72%
Jan 12, 2022	Stephanie Wissink	Jefferies	$36.25	$32.02	13.23%	16.41%

The latest GameStop stock forecast, released on Sep 09, 2024 by Michael Pachter from Wedbush, set a price target of $11.00, which represents a -55.26% decrease from the stock price at the time of the forecast ($24.59), and a -64.68% decrease from GME last price ($31.14).

GameStop Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	3
Avg Price Target	-	-	$7.53
Last Closing Price	$31.14	$31.14	$31.14
Upside/Downside	-100.00%	-100.00%	-75.82%

In the current month, the average price target of GameStop stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to GameStop's last price of $31.14. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
May 17, 2024	Wedbush	Underperform	Underperform	Hold
Mar 25, 2024	Wedbush	Underperform	Underperform	Hold
Sep 02, 2022	Raymond James	Neutral	Neutral	Hold
Aug 18, 2022	Wedbush	Underperform	Underperform	Downgrade
Jul 22, 2022	Wedbush	Underperform	Underperform	Hold
Jun 02, 2022	Oppenheimer	Outperform	Outperform	Hold
Jun 01, 2022	Piper Sandler	Underweight	Neutral	Downgrade
May 31, 2022	Jefferies	Buy	Buy	Hold
May 31, 2022	Citigroup	Hold	Hold	Hold
May 26, 2022	Piper Sandler		Underweight	Downgrade
Apr 25, 2022	J.P. Morgan	Hold	Hold	Hold
Mar 17, 2022	Wedbush	Underweight	Underweight	Hold
Jan 22, 2022	Jefferies	Hold	Hold	Hold
Apr 12, 2021	Ascendiant		Sell	Downgrade
Mar 25, 2021	Jefferies	Hold	Hold	Hold
Sep 24, 2020	Jefferies		Buy	Upgrade
Sep 24, 2020	Telsey Advisory		Outperform	Upgrade

GameStop's last stock rating was published by Wedbush on May 17, 2024. The company gave GME a "Underperform" rating, the same as its previous rate.

GameStop Financial Forecast

GameStop Revenue Forecast

	Feb 27	Nov 26	Aug 26	May 26	Feb 26	Nov 25	Aug 25	May 25	Feb 25	Nov 24	Aug 24	May 24	Feb 24	Nov 23	Aug 23	May 23	Feb 23	Nov 22	Aug 22	May 22	Feb 22	Nov 21	Aug 21	May 21	Feb 21	Nov 20	Aug 20	May 20	Feb 20	Nov 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$1.79B	-	-	-	-	-	-	-	-	-	-	$1.28B	-	-	$942.00M	$1.02B	$2.19B	$1.44B
Avg Forecast	$1.20B	$750.00M	$750.00M	$750.00M	$1.41B	$780.34M	$764.43M	$796.81M	$1.48B	$887.68M	$895.67M	$995.30M	$2.05B	$1.18B	$1.14B	$1.34B	$2.18B	$1.34B	$1.27B	$1.32B	$2.16B	$1.19B	$1.12B	$1.16B	$2.21B	$1.09B	$1.02B	$1.10B	$2.24B	$1.62B
High Forecast	$1.21B	$757.03M	$757.03M	$757.03M	$1.42B	$787.66M	$771.59M	$804.28M	$1.49B	$896.00M	$904.07M	$995.30M	$2.05B	$1.20B	$1.15B	$1.36B	$2.20B	$1.37B	$1.29B	$1.34B	$2.20B	$1.21B	$1.14B	$1.18B	$2.25B	$1.11B	$1.03B	$1.12B	$2.27B	$1.65B
Low Forecast	$1.19B	$742.97M	$742.97M	$742.97M	$1.40B	$773.02M	$757.26M	$789.34M	$1.46B	$879.36M	$887.27M	$995.30M	$2.05B	$1.17B	$1.13B	$1.33B	$2.16B	$1.32B	$1.25B	$1.29B	$2.13B	$1.17B	$1.11B	$1.14B	$2.18B	$1.07B	$1.00B	$1.08B	$2.20B	$1.60B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	3	1	1	1	1	1	1	1	1	1	1	1	9	14	9	9	15
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.88%	-	-	-	-	-	-	-	-	-	-	1.10%	-	-	0.92%	0.93%	0.98%	0.89%

GameStop's average Quarter revenue forecast for May 24 based on 2 analysts is $995.30M, with a low forecast of $995.30M, and a high forecast of $995.30M. GME's average Quarter revenue forecast represents a -44.51% decrease compared to the company's last Quarter revenue of $1.79B (Feb 24).

GameStop EBITDA Forecast

	Feb 27	Nov 26	Aug 26	May 26	Feb 26	Nov 25	Aug 25	May 25	Feb 25	Nov 24	Aug 24	May 24	Feb 24	Nov 23	Aug 23	May 23	Feb 23	Nov 22	Aug 22	May 22	Feb 22	Nov 21	Aug 21	May 21	Feb 21	Nov 20	Aug 20	May 20	Feb 20	Nov 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	3	1	1	1	1	1	1	1	1	1	1	1	9	14	9	9	15
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$78.90M	-	-	-	-	-	-	-	-	-	-	$-22.00M	-	-	$-65.30M	$-86.20M	$98.80M	$-19.90M
Avg Forecast	$-41.21M	$-25.76M	$-25.76M	$-25.76M	$-48.37M	$-26.80M	$-26.25M	$-27.36M	$-50.74M	$-30.49M	$-30.76M	$-656.28M	$-70.39M	$-40.60M	$-39.20M	$-596.62M	$-54.12M	$-12.81M	$-12.05M	$-542.38M	$-20.59M	$-11.33M	$-10.70M	$39.47M	$-21.07M	$-10.37M	$-9.70M	$42.65M	$-21.32M	$-15.47M
High Forecast	$-40.82M	$-25.52M	$-25.52M	$-25.52M	$-47.92M	$-26.55M	$-26.01M	$-27.11M	$-50.26M	$-30.20M	$-30.47M	$-525.02M	$-70.39M	$-40.25M	$-38.83M	$-477.29M	$-43.30M	$-12.60M	$-11.86M	$-433.90M	$-20.26M	$-11.15M	$-10.52M	$47.37M	$-20.73M	$-10.20M	$-9.54M	$51.18M	$-20.98M	$-15.22M
Low Forecast	$-41.60M	$-26.00M	$-26.00M	$-26.00M	$-48.82M	$-27.05M	$-26.50M	$-27.62M	$-51.21M	$-30.77M	$-31.05M	$-787.53M	$-70.39M	$-41.30M	$-39.57M	$-715.94M	$-64.95M	$-13.01M	$-12.25M	$-650.85M	$-20.92M	$-11.51M	$-10.87M	$31.58M	$-21.40M	$-10.54M	$-9.86M	$34.12M	$-21.66M	$-15.71M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-1.12%	-	-	-	-	-	-	-	-	-	-	-0.56%	-	-	6.73%	-2.02%	-4.63%	1.29%

2 analysts predict GME's average Quarter EBITDA for May 24 to be $-656.28M, with a high of $-525.02M and a low of $-787.53M. This is -931.78% lower than GameStop's previous annual EBITDA (Feb 24) of $78.90M.

GameStop Net Income Forecast

	Feb 27	Nov 26	Aug 26	May 26	Feb 26	Nov 25	Aug 25	May 25	Feb 25	Nov 24	Aug 24	May 24	Feb 24	Nov 23	Aug 23	May 23	Feb 23	Nov 22	Aug 22	May 22	Feb 22	Nov 21	Aug 21	May 21	Feb 21	Nov 20	Aug 20	May 20	Feb 20	Nov 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	3	1	1	1	1	1	1	1	1	1	1	1	9	14	9	9	15
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$63.10M	-	-	-	-	-	-	-	-	-	-	$-66.80M	-	-	$-111.30M	$-165.70M	$21.00M	$-83.40M
Avg Forecast	$26.27M	$13.14M	$13.14M	$13.14M	$35.03M	$-13.14M	$-8.76M	$-15.33M	$35.03M	$-13.14M	$-37.22M	$-676.93M	$129.18M	$-36.49M	$-61.31M	$-615.39M	$-66.33M	$-107.13M	$-160.69M	$-559.45M	$81.96M	$-50.09M	$-64.37M	$81.68M	$131.15M	$-82.15M	$-109.84M	$9.06M	$76.18M	$10.36M
High Forecast	$26.59M	$13.30M	$13.30M	$13.30M	$35.46M	$-12.98M	$-8.65M	$-15.14M	$35.46M	$-12.98M	$-36.77M	$-541.54M	$130.76M	$-15.20M	$-60.56M	$-492.31M	$-53.06M	$-104.89M	$-157.33M	$-447.56M	$83.67M	$-49.05M	$-63.03M	$98.02M	$133.89M	$-80.44M	$-107.55M	$10.88M	$77.77M	$10.57M
Low Forecast	$25.95M	$12.98M	$12.98M	$12.98M	$34.61M	$-13.30M	$-8.86M	$-15.51M	$34.61M	$-13.30M	$-37.68M	$-812.32M	$127.60M	$-51.70M	$-62.05M	$-738.47M	$-79.60M	$-109.36M	$-164.04M	$-671.34M	$80.25M	$-51.14M	$-65.72M	$65.35M	$128.41M	$-83.87M	$-112.13M	$7.25M	$74.59M	$10.14M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.49%	-	-	-	-	-	-	-	-	-	-	-0.82%	-	-	1.01%	-18.28%	0.28%	-8.05%

GameStop's average Quarter net income forecast for May 24 is $-676.93M, with a range of $-812.32M to $-541.54M. GME's average Quarter net income forecast represents a -1172.79% decrease compared to the company's last Quarter net income of $63.10M (Feb 24).

GameStop SG&A Forecast

	Feb 27	Nov 26	Aug 26	May 26	Feb 26	Nov 25	Aug 25	May 25	Feb 25	Nov 24	Aug 24	May 24	Feb 24	Nov 23	Aug 23	May 23	Feb 23	Nov 22	Aug 22	May 22	Feb 22	Nov 21	Aug 21	May 21	Feb 21	Nov 20	Aug 20	May 20	Feb 20	Nov 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	3	1	1	1	1	1	1	1	1	1	1	1	9	14	9	9	15
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$358.90M	-	-	-	-	-	-	-	-	-	-	$370.30M	-	-	$348.20M	$386.50M	$581.00M	$451.80M
Avg Forecast	$336.93M	$210.58M	$210.58M	$210.58M	$395.44M	$219.10M	$214.63M	$223.72M	$414.82M	$249.24M	$251.48M	$279.45M	$575.49M	$331.93M	$320.47M	$376.96M	$265.26M	$377.48M	$355.23M	$369.31M	$606.77M	$333.88M	$315.27M	$425.26M	$620.88M	$305.67M	$285.92M	$250.79M	$628.46M	$455.86M
High Forecast	$340.08M	$212.55M	$212.55M	$212.55M	$399.15M	$221.15M	$216.64M	$225.82M	$418.71M	$251.57M	$253.84M	$279.45M	$575.49M	$337.66M	$323.47M	$380.49M	$318.31M	$383.54M	$360.93M	$375.24M	$616.51M	$339.24M	$320.33M	$510.32M	$630.85M	$310.58M	$290.51M	$300.94M	$638.55M	$463.18M
Low Forecast	$333.77M	$208.60M	$208.60M	$208.60M	$391.74M	$217.04M	$212.62M	$221.62M	$410.94M	$246.90M	$249.12M	$279.45M	$575.49M	$329.07M	$317.46M	$373.42M	$212.21M	$371.42M	$349.53M	$363.38M	$597.03M	$328.52M	$310.20M	$340.21M	$610.91M	$300.77M	$281.33M	$200.63M	$618.37M	$448.54M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.62%	-	-	-	-	-	-	-	-	-	-	0.87%	-	-	1.22%	1.54%	0.92%	0.99%

GameStop's average Quarter SG&A projection for May 24 is $279.45M, based on 2 Wall Street analysts, with a range of $279.45M to $279.45M. The forecast indicates a -22.14% fall compared to GME last annual SG&A of $358.90M (Feb 24).

GameStop EPS Forecast

	Feb 27	Nov 26	Aug 26	May 26	Feb 26	Nov 25	Aug 25	May 25	Feb 25	Nov 24	Aug 24	May 24	Feb 24	Nov 23	Aug 23	May 23	Feb 23	Nov 22	Aug 22	May 22	Feb 22	Nov 21	Aug 21	May 21	Feb 21	Nov 20	Aug 20	May 20	Feb 20	Nov 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	3	1	1	1	1	1	1	1	1	1	1	1	9	14	9	9	15
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$0.21	-	-	-	-	-	-	-	-	-	-	$-0.25	-	-	$-0.43	$-0.64	$0.08	$-0.26
Avg Forecast	$0.06	$0.03	$0.03	$0.03	$0.08	$-0.03	$-0.02	$-0.04	$0.08	$-0.03	$-0.09	$-0.09	$0.29	$-0.08	$-0.14	$-0.15	$-0.13	$-0.28	$-0.41	$-0.36	$0.21	$-0.13	$-0.17	$-0.21	$0.34	$-0.21	$-0.28	$-0.24	$0.20	$0.03
High Forecast	$0.06	$0.03	$0.03	$0.03	$0.08	$-0.03	$-0.02	$-0.03	$0.08	$-0.03	$-0.08	$-0.09	$0.30	$-0.03	$-0.14	$-0.15	$-0.13	$-0.27	$-0.41	$-0.35	$0.22	$-0.13	$-0.16	$-0.20	$0.35	$-0.21	$-0.28	$-0.23	$0.20	$0.03
Low Forecast	$0.06	$0.03	$0.03	$0.03	$0.08	$-0.03	$-0.02	$-0.04	$0.08	$-0.03	$-0.09	$-0.09	$0.29	$-0.12	$-0.14	$-0.15	$-0.13	$-0.28	$-0.42	$-0.37	$0.21	$-0.13	$-0.17	$-0.21	$0.33	$-0.22	$-0.29	$-0.24	$0.19	$0.03
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.71%	-	-	-	-	-	-	-	-	-	-	1.23%	-	-	1.51%	2.71%	0.41%	-9.53%

According to 2 Wall Street analysts, GameStop's projected average Quarter EPS for May 24 is $-0.09, with a low estimate of $-0.09 and a high estimate of $-0.09. This represents a -142.86% decrease compared to GME previous annual EPS of $0.21 (Feb 24).

GameStop Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BBY	Best Buy	$86.85	$99.89	15.01%	Buy
WOOF	Petco Health and Wellness	$3.95	$4.53	14.68%	Buy
DKS	DICK'S Sporting Goods	$225.21	$244.17	8.42%	Buy
AZO	AutoZone	$3.28K	$3.40K	3.58%	Buy
ULTA	Ulta Beauty	$435.31	$427.50	-1.79%	Hold
WSM	Williams-Sonoma	$187.71	$147.00	-21.69%	Hold
RH	RH	$413.70	$319.00	-22.89%	Buy
GME	GameStop	$31.14	$11.00	-64.68%	Hold

GME Forecast FAQ

Is GameStop a good buy?

No, according to 8 Wall Street analysts, GameStop (GME) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 37.50% of GME's total ratings.

What is GME's price target?

GameStop (GME) average price target is $11 with a range of $11 to $11, implying a -64.68% from its last price of $31.14. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will GameStop stock go up soon?

According to Wall Street analysts' prediction for GME stock, the company can go down by -64.68% (from the last price of $31.14 to the average price target of $11), down by -64.68% based on the highest stock price target, and down by -64.68% based on the lowest stock price target.

Can GameStop stock reach $50?

GME's average twelve months analyst stock price target of $11 does not support the claim that GameStop can reach $50 in the near future.

What are GameStop's analysts' financial forecasts?

GameStop's analysts financial forecasts for the fiscal year (Feb 2026) are as follows: average revenue is $3.75B (high $3.79B, low $3.71B), average EBITDA is $-129M (high $-128M, low $-130M), average net income is $-2.19M (high $-1.309M, low $-3.07M), average SG&A $1.05B (high $1.06B, low $1.04B), and average EPS is $-0.005 (high $-0.00299, low $-0.00701). GME's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $3.45B (high $3.48B, low $3.42B), average EBITDA is $-118M (high $-117M, low $-120M), average net income is $65.68M (high $66.49M, low $64.88M), average SG&A $968.66M (high $977.74M, low $959.58M), and average EPS is $0.15 (high $0.152, low $0.148).

Did the GME's actual financial results beat the analysts' financial forecasts?

Based on GameStop's last annual report (Feb 2024), the company's revenue was $5.27B, which missed the average analysts forecast of $5.72B by -7.75%. Apple's EBITDA was $26.5M, missing the average prediction of $-747M by -103.55%. The company's net income was $6.7M, missing the average estimation of $-584M by -101.15%. Apple's SG&A was $1.27B, missing the average forecast of $1.6B by -20.95%. Lastly, the company's EPS was $0.022, missing the average prediction of $-0.0783 by -128.09%. In terms of the last quarterly report (Feb 2024), GameStop's revenue was $1.79B, missing the average analysts' forecast of $2.05B by -12.49%. The company's EBITDA was $78.9M, missing the average prediction of $-70.391M by -212.09%. GameStop's net income was $63.1M, missing the average estimation of $129.18M by -51.15%. The company's SG&A was $358.9M, missing the average forecast of $575.49M by -37.64%. Lastly, the company's EPS was $0.21, missing the average prediction of $0.295 by -28.81%