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Gamestop Corporation (GME) [hlAlert]

Rating:
Buy GME
up 24.96 %

Gamestop Corporation (GME) rated Buy with price target $55 by Needham

Posted on: Wednesday,  Jan 15, 2014  8:25 AM ET by Needham

Needham rated Buy Gamestop Corporation (NYSE: GME) on 01/15/2014, when the stock price was $36.97. Since
then, Gamestop Corporation has gained 24.97% as of 12/10/2015's recent price of $46.20.
If you would have followed this Needham's recommendation on GME, you would have gained 24.96% of your investment in 694 days.

GameStop Corp. (GameStop) is a retailer of video game products and personal computer (PC) entertainment software. The Company sells new and used video game hardware, video game software and accessories, as well as PC entertainment software, and related accessories and other merchandise. As of January 31, 2009, the Company operated 6,207 stores in the United States, Australia, Canada and Europe, primarily under the names GameStop and EB Games. During the fiscal year ended January 31, 2009, GameStop operated its business in four segments: United States, Canada, Australia and Europe. On April 5, 2008, GameStop acquired Free Record Shop Norway AS. In July 2008, the Company purchased certain assets and Website operations from The Gamesman Limited, a video game and entertainment software retailer, including eight stores in New Zealand. On November 17, 2008, GameStop France SAS, a wholly owned subsidiary of the Company, acquired SFMI Micromania SAS.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/15/2014 8:25 AM Buy
None
36.97 55.00
as of 10/17/2014
1 Week up  4.04 %
1 Month down  -9.45 %
3 Months down  -3.36 %
1 YTD down  -19.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/22/2013 8:25 AM Buy
None
49.56 60.00
4/11/2012 8:25 AM Hold
None
21.30
4/1/2009 8:25 AM Buy
None
27.98 41.00

(*) Stock Price at the time of the recommendation.
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