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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

DateFirmActionFromTo
Jul 2016Bank of AmericaUpgradesNeutralBuy
Mar 2016BenchmarkMaintainsSell
Mar 2016Credit SuisseMaintainsNeutral

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