GameStop (GME) Stock Forecast, Price Target & Predictions
GME Stock Forecast
GameStop stock forecast is as follows: an average price target of $18.00 (represents a -13.04% downside from GME’s last price of $20.70) 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 $18.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $11.00. This represents a potential -13.04% downside from GME's last price of $20.70.
GME Analyst Ratings
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% | -46.86% |
| Mar 27, 2024 | Michael Pachter | Wedbush | $5.60 | $13.19 | -57.54% | -72.95% |
| Mar 25, 2024 | Michael Pachter | Wedbush | $6.00 | $14.70 | -59.18% | -71.01% |
| Dec 07, 2023 | Michel Pachter | Wedbush | $15.77 | $16.33 | -3.42% | -23.82% |
| Mar 17, 2022 | Michael Pachter | Wedbush | $11.25 | $21.93 | -48.69% | -45.65% |
| Jan 22, 2022 | Stephanie Wissink | Jefferies | $25.00 | $26.59 | -5.98% | 20.77% |
| Jan 12, 2022 | Stephanie Wissink | Jefferies | $36.25 | $32.02 | 13.23% | 75.12% |
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 -46.86% decrease from GME last price ($20.70).
GameStop Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $11.00 | $9.59 |
| Last Closing Price | $20.70 | $20.70 | $20.70 |
| Upside/Downside | -100.00% | -46.86% | -53.67% |
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 $20.70. This month's average price target is down -100.00% 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 |
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 | $1.46B | $793.91M | $759.24M | $796.81M | $1.50B | $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 | $1.22B | $762.04M | $762.04M | $762.04M | $1.48B | $806.66M | $771.42M | $809.60M | $1.52B | $901.93M | $910.05M | $995.30M | $2.05B | $1.20B | $1.16B | $1.36B | $2.22B | $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 | $1.18B | $737.96M | $737.96M | $737.96M | $1.44B | $781.17M | $747.05M | $784.02M | $1.48B | $873.43M | $881.29M | $995.30M | $2.05B | $1.17B | $1.12B | $1.32B | $2.15B | $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 | 1 | 1 | 3 | 2 | 2 | 2 | 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 1 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 | 1 | 1 | 3 | 2 | 2 | 2 | 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 | $-11.43M | $-7.14M | $-7.14M | $-7.14M | $-13.89M | $-7.56M | $-7.23M | $-7.59M | $-14.28M | $-8.45M | $-8.53M | $-656.28M | $-19.52M | $-11.26M | $-10.87M | $-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 | $-11.24M | $-7.03M | $-7.03M | $-7.03M | $-13.67M | $-7.44M | $-7.11M | $-7.47M | $-14.05M | $-8.32M | $-8.39M | $-525.02M | $-19.52M | $-11.16M | $-10.70M | $-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 | $-11.61M | $-7.26M | $-7.26M | $-7.26M | $-14.12M | $-7.68M | $-7.35M | $-7.71M | $-14.51M | $-8.59M | $-8.67M | $-787.53M | $-19.52M | $-11.45M | $-11.04M | $-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 % | - | - | - | - | - | - | - | - | - | - | - | - | -4.04% | - | - | - | - | - | - | - | - | - | - | -0.56% | - | - | 6.73% | -2.02% | -4.63% | 1.29% |
1 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 | 1 | 1 | 3 | 2 | 2 | 2 | 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 | $11.62M | $-3.87M | $-3.87M | $-3.87M | $40.66M | $-9.68M | $-11.62M | $-23.23M | $32.91M | $-11.62M | $-32.91M | $-676.93M | $114.22M | $-32.27M | $-54.21M | $-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 | $11.86M | $-3.79M | $-3.79M | $-3.79M | $41.50M | $-9.48M | $-11.37M | $-22.75M | $33.60M | $-11.37M | $-32.23M | $-541.54M | $116.61M | $-13.44M | $-53.08M | $-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 | $11.37M | $-3.95M | $-3.95M | $-3.95M | $39.81M | $-9.88M | $-11.86M | $-23.72M | $32.23M | $-11.86M | $-33.60M | $-812.32M | $111.84M | $-45.71M | $-55.34M | $-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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.55% | - | - | - | - | - | - | - | - | - | - | -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 | 1 | 1 | 3 | 2 | 2 | 2 | 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 | $336.84M | $210.52M | $210.52M | $210.52M | $409.49M | $222.85M | $213.11M | $223.66M | $420.84M | $249.17M | $251.41M | $279.38M | $575.33M | $331.84M | $320.38M | $376.86M | $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 | $342.24M | $213.90M | $213.90M | $213.90M | $416.07M | $226.43M | $216.54M | $227.25M | $427.60M | $253.17M | $255.45M | $279.38M | $575.33M | $337.57M | $325.52M | $382.91M | $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 | $331.43M | $207.14M | $207.14M | $207.14M | $402.92M | $219.27M | $209.69M | $220.07M | $414.09M | $245.17M | $247.37M | $279.38M | $575.33M | $328.98M | $315.24M | $370.81M | $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 $279.38M, based on 1 Wall Street analysts, with a range of $279.38M to $279.38M. The forecast indicates a -22.16% 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 | 1 | 1 | 3 | 2 | 2 | 2 | 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 | $0.03 | $-0.01 | $-0.01 | $-0.01 | $0.10 | $-0.03 | $-0.03 | $-0.06 | $0.09 | $-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 | $0.03 | $-0.01 | $-0.01 | $-0.01 | $0.11 | $-0.02 | $-0.03 | $-0.06 | $0.09 | $-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 | $0.03 | $-0.01 | $-0.01 | $-0.01 | $0.10 | $-0.03 | $-0.03 | $-0.06 | $0.08 | $-0.03 | $-0.09 | $-0.09 | $0.29 | $-0.12 | $-0.14 | $-0.15 | $-0.14 | $-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 1 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 |
|---|---|---|---|---|---|
| WOOF | Petco Health and Wellness Company | $4.63 | $9.42 | 103.46% | Buy |
| WSM | Williams-Sonoma | $139.76 | $201.11 | 43.90% | Hold |
| RH | RH | $346.87 | $433.92 | 25.10% | Buy |
| ULTA | Ulta Beauty | $369.20 | $446.92 | 21.05% | Hold |
| DKS | DICK'S Sporting Goods | $213.40 | $225.90 | 5.86% | Buy |
| BBY | Best Buy | $93.17 | $96.19 | 3.24% | Buy |
| AZO | AutoZone | $3.22K | $2.91K | -9.53% | Buy |
| GME | GameStop | $20.70 | $18.00 | -13.04% | 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 $18 with a range of $11 to $25, implying a -13.04% from its last price of $20.7. 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 -13.04% (from the last price of $20.7 to the average price target of $18), up by 20.77% based on the highest stock price target, and down by -46.86% based on the lowest stock price target.
Can GameStop stock reach $30?
GME's average twelve months analyst stock price target of $18 does not support the claim that GameStop can reach $30 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 $3.81B (high $3.87B, low $3.75B), average EBITDA is $-36.273M (high $-35.691M, low $-36.856M), average net income is $-3.872M (high $-2.095M, low $-5.649M), average SG&A $1.07B (high $1.09B, low $1.05B), and average EPS is $-0.01 (high $-0.00541, low $-0.0146). GME's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $3.45B (high $3.51B, low $3.39B), average EBITDA is $-32.856M (high $-32.329M, low $-33.384M), average net income is $0 (high $484.86K, low $-485K), average SG&A $968.4M (high $983.95M, low $952.85M), and average EPS is $-0 (high $0.00125, low $-0.00125).
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 $-638M by -104.15%. The company's net income was $6.7M, missing the average estimation of $-588M by -101.14%. Apple's SG&A was $1.27B, missing the average forecast of $1.6B by -20.93%. 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 $-19.52M by -504.20%. GameStop's net income was $63.1M, missing the average estimation of $114.22M by -44.76%. The company's SG&A was $358.9M, missing the average forecast of $575.33M by -37.62%. Lastly, the company's EPS was $0.21, missing the average prediction of $0.295 by -28.81%