GameStop (NYSE: GME) stock forecast over the next 12 months is very bearish. With an average price of $30.00 – $23 minimum price and $90 maximum – the stock is trading well above the price prediction made by the 3 Wall Street analysts. The GameStop stock forecast would reflect a 73.84% price decrease compared to GME’s current price.
GameStop Pricing Prediction By Month
In June 2022, the weighted average target value per GameStop stock is $131. The favorable conditions for Meme stock will continue in Jun, with likely monthly volatility at 24.837 percent
Minimum price prediction: $105.91/Maximum price prediction: $140.90
In July 2022, the weighted average projected price per GameStop stock is $116.13. The negative dynamics of Meme stock in Jul will be dominant, with likely monthly volatility at 26.831 percent
Minimum price prediction: $99.76/ Maximum price prediction: $136.34
In August 2022, the weighted average target price per GameStop stock is $106.38. The negative dynamics of Meme stock in Aug will dominate, with likely monthly volatility at 29.495 percent.
Minimum price prediction: $84.68/ Maximum price prediction: $120.10
In September 2022, $85.31 is the weighted average target value per GameStop stock. However, Sep will see Meme stock suffer from negative dynamics. There is expected to be 23.401 percent volatility per month.
Minimum price prediction: $74.56/Maximum price prediction: $97.34
In October 2022, $60.49 is the GameStop stock forecast for Oct 2022. Unfortunately, October will see Meme stock suffer from negative dynamics. Monthly volatility of 26.015% is expected.
Minimum price prediction: $48.51/ Maximum price prediction: $65.57
In November 2022, GameStop stock forecast is 61.94. With potential monthly volatility of 26,949 percent, Nov will see bullish dynamics for Meme stock.
Pessimistic goal level: $53.39/ Maximum price prediction: $73.09
In December 2022, GameStop stock forecast is $71.97. The bullish Meme stock price dynamics will continue in Dec with likely monthly volatility of 31.743%
Minimum price prediction: $56.64 / Maximum price prediction: $82.99
Revenue and Profit Forecast for the Years 2023 and 2024
With an annual profit growth rate of N/A, GameStop falls short of outpacing the 7.37 percent forecasted growth rate of the US Specialty Retail sector but beat the 16.43 percent predicted annual profit growth rate of the US market. According to GameStop’s projections for 2022, they anticipate losing $381,300,000.
Two Wall Street experts have projected GME’s profits at an average loss of -$376,352,493, with the lowest loss anticipated for GME at -$574,071,145 and the most significant loss forecast for GME at -$178,633,840.
GME is expected to make -$229,017,744 in 2024, with the lowest projection at -$329,785,551 and the highest forecast at -$128,249,937.
As a result, GameStop’s 5.48 percent yearly revenue growth projection does not surpass the US Specialty Retail industry’s 9.13 percent average expected revenue growth rate or the US market’s 9.68 percent forecast revenue growth. This year, GameStop expects to earn $6,010,000,000,000 in revenue.
An average of $487,403,196,706 has been predicted by two Wall Street analysts for GME’s revenue in 2023; the low estimate is $486,464,223,955 and the high estimate is $488,342,169,456.
With the lowest revenue projection at $505,923,098,270 and the highest at $515,060,906,256, GME is expected to make $510,492,002,263 in sales in 2024.
GameStop ROA and EPS Forecast
ROA is expected to be -6.54 percent at GME, below the 14.99 percent average for the predicted US Specialty Retail industry. The average price objective for GME stock set by two Wall Street analysts is $26.50, with the highest price goal of $30.00 and the lowest price target of $23.00.
Wall Street analysts expect GameStop stock to decline to $26.50 by March 18, 2023. According to the GAMESTOP stock price projection, the current GME stock price of $114.70 has a potential downside of 76%.
The current EPS (earnings per share) for GameStop (NYSE: GME) is -$5.25. For 2023, experts expect GME’s earnings per share (EPS) to be -$4.93, with the lowest estimate of -$7.52 and the highest estimate of $2.34. GME’s earnings per share (EPS) are predicted to be -$3.00 in 2024 (minimum: -$4.32; maximum: -$1.68).
That is consistent with the (NYSE: GME) expected ROE of -14.29 percent.
GME Stock Price Forecast Vs Momentum
On March 21, 2022, GME announced the results of its most recent quarterly report. Analysts had expected earnings per share (EPS) to be $0.78 in 2022 and $0.82 in 2023, with EPS growing year-over-year at -$1.77 and -$0.82, respectively. The EPS growth of 17.30% and 53.70% are natural in these numbers for the two years in question.
This year’s sales forecast is US$ 2.25 billion, with a variation of US$ 2.15% to 2.38%. Sales growth in the current quarter is expected to be 6.10% lower than in the same period last year.
Gamestop President Ryan Cohen has increased his stake in the company to around 12% with the acquisition of 100,000 shares. An increase in GME’s share prices was a result of this action.
Gamestop employed Loopring’s Layer 2 technology to build an NFT marketplace. The low cost of gas and the high degree of safety will benefit end-users. Due to its status as a popular Reddit meme stock, Gamestop has seen its share price soar.
In a press release, Gamestop said it would be separating its shares. They are seeking shareholder approval to increase the number of Class A common shares from 300 million to 1 billion. GME shares plummeted immediately after the stock split was announced.
There is a good chance that the stock split will be discussed at the annual shareholders’ meeting in June.
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