Will This Price Target Increase Help GameStop (GME) Stock Today?
Story updated at 9:50 a.m. to reflect market activity.
NEW YORK (TheStreet) -- BMO Capital Markets raised its price target for GameStop
Shares of GameStop gained 6.5% to $43.14 in morning trading.
The analyst firm also raised its EPS estimates for the video game retailer as it continues to gain market share.
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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 several positive factors, 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."You can view the full analysis from the report here: GME Ratings Report
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