Wedbush reiterated coverage on GameStop with a new price target
$GME
Electronics Distribution
Consumer Discretionary
Wedbush reiterated coverage of GameStop with a rating of Underperform and set a new price target of $6.20 from $6.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/8/2023 | $6.50 → $6.20 | Underperform | Wedbush |
| 12/27/2021 | $24.00 → $23.00 | Sell | Ascendiant Capital |
GameStop Corp. (NYSE:GME) ("GameStop"), today announced the pricing of its upsized $2.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). GameStop also granted the initial purchaser of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $450 million aggregate principal amount of notes. The sale of the notes is expected to close on June 17, 2025, subject to
GameStop Corp. (NYSE:GME) ("GameStop") today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). GameStop also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $250 million aggregate principal amount of notes. The notes will
GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the first quarter ended May 3, 2025. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. FIRST QUARTER OVERVIEW Net sales were $732.4 million for the period, compared to $881.8 million in the prior year's first quarter. Selling, general and administrative ("SG&A") expenses were $228.1 million for the period, compared to $295.1 million in the prior year's first quarter. Operating loss was $10.8 million for the period, compared to an