Wedbush Reiterates Underperform on GameStop, Maintains $6 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.
November 30, 2023 | 3:22 pm
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Wedbush analyst Michael Pachter reaffirmed an Underperform rating on GameStop, with a price target of $6, suggesting a bearish outlook.
The reiteration of an Underperform rating by a prominent analyst could negatively influence investor sentiment and potentially lead to a decrease in GameStop's stock price in the short term. The maintained price target of $6 indicates that the analyst believes the stock is currently overvalued, which could further contribute to downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100