Market Overview

GameStop Being Defended by Several Analysts Amid Today's Weakness

Share:
Related GME
Top Performing Industries For February 1, 2016
Jim Cramer Advises His Viewers On Chipotle Mexican Grill, PriceSmart And GameStop
GameStop's As-Reported Financials Distort The Firm's Economic Reality (Seeking Alpha)

Shares of GameStop (NYSE: GME) are down more than 5 percent heading into Thursday's close following a report Sony (NYSE: SNE) may use a patent to block pre-owned games from the PlayStation 4.

Janney's Tony Wible said the dip is likely a buying opportunity. BMO's Edward Williams said he would be a buyer of GameStop shares in the low $20's. Lastly, Wedbush's Michael Pachter believes the Sony patent is unlikely to result in widespread blocking of used games. Pachter said the reaction in GameStop shares appears "overblown."

Latest Ratings for GME

DateFirmActionFromTo
Jan 2016Sterne Agee CRTDowngradesBuyNeutral
Nov 2015OppenheimerDowngradesOutperformPerform
Nov 2015Bank of AmericaDowngradesBuyNeutral

View More Analyst Ratings for GME
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings Movers

 

Related Articles (GME + SNE)

View Comments and Join the Discussion!

Get Benzinga's Newsletters