Loading...
Loading...
In a report published Friday, Ascendiant Capital Markets reiterated its Buy rating on GameStop Corp.
GME, and raised its price target from $23.00 to $29.00.
Ascendiant Capital noted, “We believe that attractive valuation and strong cash flow generation should offset concerns. GameStop has a new $500 million share repurchase program (based on today's share price, this may have a potential EPS impact of up to $0.70/year). GameStop's dividend ($0.25/share per quarter) is attractive as this equates to an annualized yield of 4%.”
GameStop Corp. closed on Thursday at $24.21.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
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!
Already a member?Sign in