GameStop Q2 Earnings Preview: Bullish Charts Face Off Against Bearish Analyst Forecasts
Portfolio Pulse from Surbhi Jain
GameStop is set to report its Q2 earnings, with Wall Street expecting a loss of nine cents per share and $895.67 million in revenue. Despite bullish technical indicators, analysts maintain a bearish outlook with a consensus 'Sell' rating and a price target of $17, significantly below the current price of $24.25.
September 10, 2024 | 12:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
GameStop is expected to report a Q2 loss, with analysts maintaining a bearish outlook despite bullish technical indicators. The stock is trading above key moving averages, but analysts have a 'Sell' rating and a price target of $17.
GameStop's upcoming Q2 earnings report is crucial, with Wall Street expecting a loss. Despite bullish technical indicators, the consensus analyst rating is 'Sell' with a price target of $17, indicating potential downside. The stock's current price of $24.25 suggests a significant gap between market sentiment and analyst expectations, which could lead to volatility post-earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100