GameStop (GME) Well Positioned Despite Tough Industry Trends
Following the company's Q3 earnings report, Baird issued a report maintained an Outperform rating on GameStop (NYSE: GME) with a price target of $29.00.
Analyst said the company continues to take market share and control expenses.
"While the console market remains challenging, GameStop is now benefiting from investments in digital and mobile, and leveraging a loyal customer base and expertise in the Buy/Sell/Trade model," said analyst Colin Sebastian
"Tough industry trends will continue, but GameStop remains well positioned for the next generation console cycle beginning in 2013," added Sebastian.
For an analyst ratings summary and ratings history on GameStop click here. For more ratings news on GameStop click here.
Shares of GameStop closed at $23.48 yesterday, with a 52 week range of $15.32-$25.86.
Analyst said the company continues to take market share and control expenses.
"While the console market remains challenging, GameStop is now benefiting from investments in digital and mobile, and leveraging a loyal customer base and expertise in the Buy/Sell/Trade model," said analyst Colin Sebastian
"Tough industry trends will continue, but GameStop remains well positioned for the next generation console cycle beginning in 2013," added Sebastian.
For an analyst ratings summary and ratings history on GameStop click here. For more ratings news on GameStop click here.
Shares of GameStop closed at $23.48 yesterday, with a 52 week range of $15.32-$25.86.