The Devil in the Details: Analysts Take Aim at GameStop Corp. (NYSE:GME)
GameStop Corp. (NYSE:GME) currently has an Average Broker Rating of 3.17. This number is based on the 6 sell-side firms polled by Zacks. The ABR rank within the industry stands at 42.
Analysts often use a number of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold— to describe their recommendations. But the definitions of these terms can differ from company to company. Instead of making assumptions, investors should read the definitions of all ratings used in each analyst report. They should also consider the company’s disclosures regarding what percentage of all ratings fall into either “buy,” “hold/neutral,” and “sell” groups.
Analysts on a consensus basis are expecting that the stock will reach $5.33 within ...