Everyone remembers the fundamental-shattering short squeeze in GameStop Corp. (GME) back in late-January, but fewer may know that the stock has yet to come down from its inflated levels. In fact, it has remained a sweet spot in retail investors' hearts, and their support is suspected to be propping up the video gaming retailer far higher than analysts can stomach.  (See GameStop stock charts on TipRanks) Providing an updated hypothesis on the matter is Michael Pachter of Wedbush Securities, who wrote that GameStop is poised to achieve profitability by the end of this year, bolstered by hardware and accessory sales.  Pachter reiterated a Sell rating on the stock, and added a price target of $50.
https://www.tipranks.com/news/article/gamestop-close-to-profitability-far-from-fundamentals?utm_source=advfn.com&utm_medium=referral
GameStop (NYSE:GME)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more GameStop Charts.
GameStop (NYSE:GME)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more GameStop Charts.