Read How Analysts Reacted To GameStop's Q3 Results - GameStop (NYSE:GME)

As management lays the groundwork to transform GameStop Corp GME into a "technology" company, "many details still remain a mystery," Baird analyst Colin Sebastian tells investors in a research note following last night's Q3 results.
The analyst says that while selling a broader range of merchandise online is helping to drive some growth, it comes with higher losses.
Sebastian encourages "a bit more transparency around the product roadmap" given the time frame likely needed to transition from a declining physical video game retailer to an e-commerce company competing with Amazon.com Inc AMZN and then into a digital platform. He stays Not Rated on the shares.
Wedbush analyst Michael Pachter lowered the price target on GameStop to $45 from $50, implying a 72% downside, and kept an Underperform rating on the shares.
The analyst notes that third-quarter results beat the Street's expectations for revenue but lagged on EPS.
Price Action: GME shares traded lower by 6.14% at $162.99 on the last check Thursday.