NEW YORK (TheStreet) -- Shares of GameStop are soaring, sharply up 11.87% to $36.66 in pre-market trading on Wednesday, after the gaming retailer was upgraded to "outperform" from "underperform" by analysts at Pacific Crest this morning. The firm set a $48 price target and upped its rating two notches, saying the company's holiday update looks like the last negative. Pacific Crest analysts believe that gaming software will return to growth in 2015. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Grapevine, TX-based GameStop is a multichannel video game retailer that sells new and used video game hardware, physical and digital video game software, accessories, as well as personal computer entertainment software and other merchandise. Separately, TheStreet Ratings team rates GAMESTOP CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate GAMESTOP CORP (GME) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income." You can view the full analysis from the report here: GME Ratings Report GME data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on GME. Click to research the Retail industry.
from Latest TSC Headlines http://ift.tt/1FVMFQO
No comments:
Post a Comment