Market Overview

Bank of America Reiterates Buy on GameStop Following 2013 Expo

Related GME
GameStop Announces The Pricing of its $350M Offering of 5.50% Senior Notes Due 2019
Bank Of America Sees Continued Next-Gen Momentum As Good For GameStop Corp.
Stocks Inch Lower Ahead of Yellen's Jackson Hole Speech (Fox Business)

In a report published Friday, Bank of America analyst Curtis Nagle reiterated a Buy rating and $62.00 price target on GameStop Corp. (NYSE: GME).

In the report, Bank of America noted, “We attended GameStop's 2013 Expo held in Las Vegas, Nevada. ~5,000 GME store managers and over 4,000 gamers were present. The event showcased the latest gaming hardware, software, accessories and most importantly, playable Xbox One and PS4 consoles. Overall, we thought enthusiasm for the next gen consoles was very high and our view that the console cycle will be successful was reinforced. Overall, we were impressed with the content presented at the Expo. We noted strong enthusiasm for leading established franchises such as Call of Duty, Battlefield, Forza, DriveClub and Assassins Creed, among others. More importantly, new franchise titles including Titanfall, Ryse, Destiny and Watchdogs were all very well received.”

GameStop Corp. closed on Thursday at $49.90.

Latest Ratings for GME

DateFirmActionFromTo
Apr 2014Bank of AmericaUpgradesNeutralBuy
Feb 2014Longbow ResearchDowngradesNeutralUnderperform
Jan 2014BMO CapitalMaintainsMarket Perform

View More Analyst Ratings for GME
View the Latest Analyst Ratings

Posted-In: Bank of America Curtis NagleAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GME)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters