GameStop Being Defended by Several Analysts Amid Today's Weakness

Shares of GameStop GME are down more than 5 percent heading into Thursday's close following a report Sony 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."
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!