Market Overview

GameStop Shares Continue Higher as Fleet of Analysts Boost Price Targets Following Q4 Beat

Related GME
Dow Flirts With 19,000, S&P 500 Approaches 2,000 & NASDAQ Trading At 14-Year Highs
Pacific Crest Releases Pre-Earnings Outlook For GameStop
GameStop Rallies on 1Q Beat, Console Sales (Fox Business)

Shares of GameStop (NYSE: GME) are up nearly 6 percent Monday afternoon as investors are continuing to pile in following strong Q4 results but weak guidance from the company on Thursday morning. GameStop shares closed last week's trading session up more than 5 percent.

Helping bulls in the stock this week are a number of sell-side analysts who have raised their price targets on GameStop. Below are the target changes from Monday morning:

  • Piper Jaffray raised target from $28 to $36, Overweight maintained;
  • Sterne Agee target raised from $30 to $35, Buy maintained;
  • Janney Capital target from $32 to $39, Buy maintained;
  • Ascendiant Capital target from $29 to $34, Buy maintained, and
  • Moness, Crespi, Hardt (one of the only firms with a Sell on GameStop shares) price target raised from $13 to $20.

Posted-In: Analyst Color Price Target Analyst Ratings Movers

 

Most Popular

Related Articles (GME)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters