Piper Jaffray Comments on GameStop - GameStop (NYSE:GME)

27% profit every 20 days?

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Piper Jaffray provided color on GameStop (NYSE: GME) in a research report published today. Piper Jaffray has previously given GameStop a Neutral rating and $22 price target.In the report, Piper Jaffray states, "While management focus is on digital growth, we note that digital revenue represents roughly 5% of overall revenues today. It remains unclear if GameStop has a viable long term strategy to meet the demands of the digital consumer, but we believe it will be 2+ years until we see widespread downloading of console games."Shares of GameStop closed today at $21.34, up 4.30% from Wednesday's market close.

27% profit every 20 days?

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