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GameStop could be the next hot stock — if it ditches video games
Business Insider
| 7/9/2018
| Graham Rapier
Click For Photo: https://amp.businessinsider.com/images/5b43598cc05c0925008b4c82-960-480.jpg
GameStop has been left out of retail's recent turnaround.
Jefferies sees an opportunity for the struggling video-game chain to resurrect itself by not focusing on games.
Follow GameStop's stock price in real-time here.
Jefferies initiated research coverage of the stock Monday with a surprisingly bullish outlook. The firm told clients it could reach $18 in the next year — 18% above Friday's closing price of $15 — by focusing on consoles and community rather than on games.
GameStop has been left out of retail's recent turnaround.
Jefferies sees an opportunity for the struggling video-game chain to resurrect itself by not focusing on games.
Stock - Chain - Consoles - Community - Gamers
The stock could hit $18 if the chain instead focuses on selling consoles and creating a community of gamers, the firm said.Follow GameStop's stock price in real-time here.
GameStop - Analyst - Valuation - Elements - Chain
GameStop may be struggling, but one analyst says the "deeply discounted valuation" is missing some key elements to the chain's potential.Jefferies initiated research coverage of the stock Monday with a surprisingly bullish outlook. The firm told clients it could reach $18 in the next year — 18% above Friday's closing price of $15 — by focusing on consoles and community rather than on games.
Game - Publishers - Players - Incl - Transactions
"Game publishers are disintermediating retail, going direct to players through downloadable content incl. major & micro transactions and expansion packs," analyst Stephanie Wissink said in a note. "By reducing dependence on software and instead managing the model to existing advantages in hardware & peripherals, content & community (37M in CRM), and opportunity areas digital, tech, & collectibles, we see GME evolving from a purveyor of packaged media toward a hub for gamer connections, platform & accessory purchases, and fan culture...
(Excerpt) Read more at: Business Insider
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