Wedbush Just Cut Its Price Target on GameStop (GME) Stock
GMEGameStop(GME) Investor Place·2024-06-12 23:36

GameStop (NYSE:GME) stock just got its price target cut by Wedbush analysts in response to a recent equity offering from the video game retail business. This saw Wedbush analysts cut the firm’s price target for GME stock from 13.50pershareto13.50 per share to 11 per share. That’s a potential 64% downside compared to the stock’s previous closing price. Investors will also note that Webush doesn’t hold a positive rating for GME stock. The firm maintained its “underperform” rating for the shares while cutting its price tar ...