GameStop Stock: What to Know

Latest News

GameStop (GME) shares closed at $174.60 on May 10, down 3.05% from the previous close. The stock has been on a volatile ride in recent months, benefiting from a surge in online trading and the popularity of its new products and services.

In the latest news, GameStop announced that it will be partnering with Microsoft to launch a new line of gaming consoles and accessories. The partnership is expected to boost GameStop's sales and revenue in the coming months.

Investors Bullish on GameStop

Overall, investors are bullish on GameStop's future. The stock has a Buy rating from 10 Wall Street analysts and an average price target of $222.45. This suggests that the stock has the potential to rise by over 27% from its current price.

However, it is important to note that the stock market is volatile and there are no guarantees. Investors should do their own research and due diligence before investing in GameStop or any other stock.

Conclusion

GameStop is a well-known and recognized brand in the gaming industry. The company has been able to adapt to the changing landscape of the gaming industry and it is now poised to benefit from the growing popularity of online gaming. Investors who are looking for a long-term investment with the potential for significant growth should consider adding GameStop to their portfolio.