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GameStop Being Defended by Several Analysts Amid Today's Weakness

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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

Nov 2015OppenheimerDowngradesOutperformPerform
Nov 2015Bank of AmericaDowngradesBuyNeutral
Nov 2015Pacific CrestDowngradesOverweightSector Weight

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