Wedbush Maintains Underperform on GameStop, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Michael Pachter has maintained an 'Underperform' rating on GameStop (NYSE:GME) and lowered the price target from $11 to $10.
September 11, 2024 | 12:51 pm
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Wedbush analyst Michael Pachter has maintained an 'Underperform' rating on GameStop and lowered the price target from $11 to $10, indicating a bearish outlook.
The analyst's decision to maintain an 'Underperform' rating and lower the price target suggests a negative outlook on GameStop's stock performance. This could lead to a decrease in investor confidence and potential selling pressure, impacting the stock price negatively in the short term.
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IMPORTANCE 80
RELEVANCE 100