Wedbush Reiterates Underperform on GameStop, Maintains $6.2 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Michael Pachter has reiterated an 'Underperform' rating on GameStop (NYSE:GME) and maintained a price target of $6.2.
September 01, 2023 | 1:52 pm
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NEGATIVE IMPACT
GameStop's stock may be negatively impacted in the short term due to the 'Underperform' rating reiterated by Wedbush analyst Michael Pachter.
Analyst ratings often influence investor sentiment and can impact a stock's price. In this case, the 'Underperform' rating suggests that the analyst believes GameStop's stock will do worse than the market average, which could lead to selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100