GameStop Corp. Boosts Its Holiday Forecast Following Solid Third-Quarter Results
GameStop (NYSE: GME) investors had been bracing for bad news from the video game retailer in its last quarterly report before the must-win holiday shopping season. However, while the company struggled with lower profitability and a surprise drop in consumer tech sales, its broader business performed well. GameStop posted healthy growth and lifted its sales outlook due to building momentum around new game console launches.
More on that optimistic forecast in a moment. First, here's how the headline numbers stacked up against the prior-year period:
Metric
Source: Fool.com
Gamestop Corp. Stock
€23.30
-0.750%
Currently there is a rather negative sentiment for Gamestop Corp. with 7 Buy predictions and 12 Sell predictions..
The target price of 6 € compared with the current price of 23.3 € for the stock indicates a negative potential of -74.25%.
