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 GameStop's new board member Ryan Cohen, the founder of online pet store Chewy, has raised hopes of a turnaround, it's still going to be an uphill battle. “It's fascinating to watch. But ultimately you can't escape gravity," said Scott Rostan, CEO of Training The Street, which teaches financial modeling and valuation to college students and MBAs. "Ultimately, the reality is going to set...
Source: ksdk.com