Wedbush Maintains Underperform on GameStop, Lowers Price Target to $5.6
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Michael Pachter maintains an Underperform rating on GameStop (NYSE:GME) and lowers the price target from $6 to $5.6.
March 27, 2024 | 11:58 am
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Wedbush analyst Michael Pachter maintains an Underperform rating on GameStop and lowers the price target from $6 to $5.6.
The reduction in price target by a notable analyst like Michael Pachter suggests a bearish outlook on GameStop's stock. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100