GameStop's stock rise doesn't hide the reality of the business
Analysts polled by FactSet have a “sell” rating on the stock and a price target of $13.44 per share. Some analysts believe a reasonable valuation could settle in around $20 to $30 per share at best. While GameStops new board member Ryan Cohen, the founder of online pet store Chewy, has raised hopes of a turnaround, its still going to be an uphill battle. “Its fascinating to watch. But ultimately you cant escape gravity," said Scott Rostan, CEO of Training The Street, which teaches financi...
Source: ksdk.com