GameStop (GME) – GME Stock Forecast 2024, 2025, 2030, 2035, 2040
What is GameStop’s (GME) Stock Forecast ?
According to our Al stock price forecaster at FinTechBrains, the recent long-term GME stock forecast predicts prices may linger between $11.1 – $65.9 in 2024, $68 in 2025, $71.06 in 2026, and leap further to $91.70 by the end of 2030 while making its all-time high of $117.50 in 2035 and $143.30 in 2040.
What does GameStop (GME) exactly do?
GameStop is a holistic video game retail store where customers can purchase new, pre-owned, or refurbished gaming consoles, video games, and graded trading cards. The store also offers the option to trade or sell pre-owned items like smartphones, tablets, wearables, and video games. Customers often visit GameStop’s physical locations to purchase, sell, or exchange goods.
| Company | Information |
|---|---|
| Company Name | GameStop Corp. |
| Founded on | 1984 |
| CEO | Ryan Cohen |
| Industry Type | Video Games |
| HOLO stock price today per share (16th, Aug 2024) | $ 21.20 USD |
| Market Capitalization | 9.47 Billion USD |
| Services | PC entertainment software, Gaming Consoles Merch. and products, toys, electronics, and collectible products. |
| Competitors | Sony, Epic Games, Electronic Arts, etc |
What is GameStop’s (GME) Stock price history and GME chart?
GameStop (GME) Stock 10-year long-term Forecast
| YEAR | Forecasted High Share Prices (in USD) | YOY% yield | Forecasted Low Share Prices (in USD) |
|---|---|---|---|
| 2024 | $ 65.9 | $ 11.1 | |
| 2025 | $ 68 | 2 % | $ 5.25 |
| 2026 | $ 71.06 | 5 % | $ 10.10 |
| 2027 | $ 76.22 | 7 % | $ 14.95 |
| 2028 | $ 81.38 | 7 % | $ 19.79 |
| 2029 | $ 86.54 | 6 % | $ 24.63 |
| 2030 | $ 91.70 | 6 % | $ 29.46 |
| 2031 | $ 96.86 | 6 % | $ 34.29 |
| 2032 | $ 102.02 | 5 % | $ 39.11 |
| 2033 | $ 107.18 | 5 % | $ 43.93 |
| 2034 | $ 112.34 | 5 % | $ 48.75 |
| 2035 | $ 117.50 | 5 % | $ 53.56 |
| 2040 | $ 143.30 | 20 % | $ 77.55 |
GameStop (GME) Short-term Stock Forecast
| MONTH – YEAR | Forecasted Share Prices (in USD) |
|---|---|
| October – 2024 | $ 36.3 |
| November – 2024 | $ 38.2 |
| December – 2024 | $ 39.02 |
| January – 2025 | $ 41.58 |
| February – 2025 | $ 44.12 |
| March – 2025 | $ 46.75 |
| April – 2025 | $ 48.35 |
| May – 2025 | $ 50.88 |
| June – 2025 | $ 53.01 |
| July – 2025 | $ 55.95 |
| August – 2025 | $ 57.11 |
| September – 2025 | $ 60.11 |
| October – 2025 | $ 63.09 |
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GameStop (GME) Stock Forecast 2024
| Stock Name | Stock Price (in USD) |
|---|---|
| GME Stock Forecast 2024 | $ 12 – $ 65.9 |
Reason –
In 2024, GameStop is focusing on improving profitability by streamlining operations and reducing costs. The company plans to close underperforming stores and emphasize higher-value products within its remaining network. This shift aims to better align with changing market trends, as fewer gamers buy physical discs, favoring digital downloads.
Overall, the company’s roadmap is centered around long-term sustainability, with an emphasis on cost efficiency and adapting to a more digital gaming market.
GameStop (GME) Stock Forecast 2025
| Stock Name | Stock Price (in USD) |
|---|---|
| GME Stock Forecast 2025 | $ 6 – $ 68 |
Reason –
Expansion into Higher-Margin Areas:
GameStop will be shifting its focus to areas with higher profit margins, such as collectibles and refurbished pre-owned games, aiming to tap niche segments of gaming
Cost Efficiency Measures:
The company will be continuing to reduce unnecessary costs to enhance profitability, part of its ongoing streamlining efforts
Challenges from Digitalization:
The increasing popularity of digital gaming and subscription services presents a major challenge, threatening the relevance of GameStop’s physical game sales
GameStop (GME) Stock Forecast 2028
| Stock Name | Stock Price (in USD) |
|---|---|
| GME Stock Forecast 2028 | $ 19.79 – $ 81.38 |
Reason –
Becoming a Cultural Hub: The company will be positioning itself as a social center for gamers. This strategy involves introducing experiential offerings, such as hosting in-store events and improving customer engagement through loyalty programs, which have already shown positive results in conversion rates.
Enhanced Vendor Collaborations: By working closely with vendors, GameStop aims to expand its product lines, particularly in high-margin categories like PC gaming. This approach is intended to create additional revenue streams and boost the lifetime value of customers.
GameStop (GME) Stock Forecast 2030
| Stock Name | Stock Price (in USD) |
|---|---|
| GME Stock Forecast 2030 | $ 29.46 – $ 91.70 |
Reason –
Enhanced Digital Presence: GameStop will be prioritizing the growth of its digital platforms and e-commerce operations. This shift is crucial as the retail landscape increasingly favors online shopping.
Broadened Product Range: The company will diversify its product lineup to include collectibles and other non-gaming items. This expansion seeks to tap into new revenue streams and adapt to evolving consumer interests.
Operational Efficiency: Efforts are underway to streamline operations and improve customer service, focusing on modernizing technology to enhance inventory management and customer interactions
Sustainable Business Model: Gaming is a competitive business. GameStop’s continuous focus on enhancing their business model constantly will always be their priority.
GameStop (GME) Stock Forecast 2035
| Stock Name | Stock Price (in USD) |
|---|---|
| GME Stock Forecast 2035 | $ 53.56 – $ 117.50 |
Reason –
The company is actively engaged in a transformation strategy known as the “Reboot Plan,” which is designed to address its ongoing business challenges and adapt to the rapidly changing gaming market.
Expansion into High-Margin Products: GameStop will make its presence in higher-margin sectors, such as collectibles and toys, as part of a strategy to diversify beyond traditional video game sales.
GameStop (GME) Stock Forecast 2040
| Stock Name | Stock Price (in USD) |
|---|---|
| GME Stock Forecast 2040 | $ 77.55 – $ 143.30 |
Reason –
2040 is a long way to predict but given the history of GameStop’s several ongoing strategic initiatives indicate the company’s future direction
Strategic Investments: GameStop has revised its investment policies, allowing the company to invest in stocks and other assets. This strategic pivot towards becoming more of a holding company may create additional revenue channels beyond its traditional retail operations.
Community Engagement: GameStop will actively engage with its loyal customer base, using the influence of social media to shape market dynamics and foster community support. This interaction is considered a vital element of the company’s overall strategy, as it will help to maintain enthusiasm and connection among its fans in the future.
GME Stock Forecast through Technical Analysis
The GME stock prices seem to have been following a flag pattern for the last 6 months. The GME price action seems to follow the same pattern with the flag for the next 2-3 months until Jan 2025.
GameStop’s low trading volume shows that investors are not very interested right now. To regain their attention, the management needs to present a stronger plan at the next investor meeting. This could spark hope among investors and potentially lead to a breakout in GME’s share price.
GME Stock Forecast through Fundamental Analysis
GameStop’s financial statements and financial ratios show performance ranging from poor to average.
| Ratios | Ideal range should be | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| PE Ratio | (20 – 25) | 736.50 | 22.16 | -18.64 | -97.89 | -0.71 |
| Debt/Equity Ratio | (1 -1.5) | 0.45 | 0.47 | 0.40 | 2.40 | 1.94 |
| ROE | 15% > | 0.50% | – 21.41% | – 37.40% | – 40.95% | – 47.69% |
| EV/EBITDA | below 10 | 159.22 | -21.46 | -22.07 | -121.50 | 12.72 |
The average last 5-year operating performance of GME has been only 2 and the recent EV/EBITA ratio is expected to be around 122.78 which is quite high. It says that the company follows an extreme pattern and is overvalued for the time being but could also indicate a selling signal for the sellers.
The average debt/equity ratio is 1.13 which clearly states that the company is minimally leveraged against its equity and could be a favorite for a risk-averse investor who likes investing in less leveraged business. Though GameStop has a declining Business model right now, one should appreciate its history of managing debt. The company has efficiently managed to repay debt and keep it consistent over the last 5 years.
The average PE ratio of the last 5 years is approximately 596 which claims that the investors in the market are ready to pay 596 times extra for every 1 dollar GameStop makes in earnings behind 1 share which again makes this company highly hyped compared to their intrinsic value. Honestly, this company has had very unstable P/E ratios over the years. In 2024, it even reached an extremely high 736.50, and in other years, it’s been negative. A company with strong fundamentals should show steady growth in its ratios, rather than this kind of extreme volatility.
An average 5-year ROE of -146.95% says GME has failed to utilize the shareholders’ money to convert it into returns consistently. But note that GME’s ROE has been in the negatives for approx. Last 5 years now. This could be alerting for the investors.
The above figures are no doubt the traits of a poorly performing company. The PE and EV/EBITDA ratio looks highly inflated telling that GameStop’s (GME) share price target at present in October 2024 might be overvalued. But looking just at financial ratios won’t work. So let us dig further into financial statements.
Over the last 5 years, GME stock prices have been on a steady decline.
The sales revenue dropped from $6.4 B in 2020 to $ 4.5 B (projected by the end of 2024). While GME failed to make any net income from 2020, it is for the first time in the last 5 years the company is projected to make $6.7M in net income by the end of 2024. So it is evident that GameStop has been strictly into cost-cutting to save a lot of expenses, also one of the reasons why GameStop hasn’t paid any dividends nor purchased their stocks in the last 5 years resulting in negative EPS.
| Financial Statement | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Sales Revenue | 5.27 | 5.93 | 6.01 | 5.09 | 6.47 |
| Net income | 0.06 | -0.31 | -0.38 | -0.22 | -0.47 |
| Free Cash Flow | -0.06 | 0.05 | -0.5 | 0.06 | -0.49 |
| Debt | 0.6 | 0.62 | 0.65 | 1.05 | 1.19 |
Though in 2024, GameStop projects sitting on net cash of more than $3.6 B, but is it a free-flowing cash? A net free cash flow of $-0.05 B in 2023 and a projected free cash flow of $-0.06 B is no doubt a negative sentiment about GME curbing its ability to reinvest or diversify its business.
Is GME stock price buy or sell ? | Conclusion
GameStop faced a lot of market rejection over the years, with hedge funds shorting its stock for their profit. Retail investors eventually noticed how these funds were keeping GameStop’s stock price low and spreading negative news to benefit themselves. In January 2021, retail investors rallied in support, causing GameStop’s stock price to soar.
But GameStop’s brick-and-mortar business model soon started failing during covid times. They started reporting losses. But soon the GME stock prices started declining after their immediate sales drop in one of their annual meetings. The investors panicked and started self-doubting against the hedge fund’s prior news.
Ever since the company has been struggling to survive its business model and compete against streaming and other digital games companies, the GME management lacks vision and concern about the company’s health.
Their lack of creativity, weak GameStop fundamentals, declining sales and revenue for the past 5 years, stringent cost-cutting activities, and lack of future sight from the top management have created a negative sentiment about GameStop amongst investors more inclined towards selling.
Frequently Asked Questions | FAQs
Where will GameStop Stock Be In 1 Year?
The highest GameStop stock price ever reached was $325 per share in January 2021.
Standing in 2024, FTB feels GameStop’s core brick-and-mortar business is a cash-burning business model and they have to quickly scale up into digital space to up their game. The GameStop management will have to pull up their socks, get serious, and give a clear idea about how are they going to drive this company through these times.
Clear communication about GameStop’s plans from the higher management could reinstall belief in the investors.
At present GameStop’s share price target should aim at retouching $325 in the coming years. Considering GME’s poor and volatile financials and statements, GameStop (GME) stock prices could end up between $65-$126 per GME stock in the next 1 year.
How high will GME go?
At present, GameStop’s current stock price should aim to reach its all-time high of $325 per share. For this to happen the company has to take strong actions to cut losses and increase their revenue by collaborating more and giving additional value to their customers.
GameStop has to go back to its ways of re-capturing its fans and investors (they once did) by getting into the digital streaming space. To sustain the competition, the company has to evolve rather than be rigid in its ways.
Is GME a Fortune 500?
As of October 2024, GameStop ranks 577th in the Fortune 500 list. GameStop’s fundamentals have to improve substantially to climb up the Fortune 500 ladder.
Recently GME discontinued their Informer magazine in August 2024. To climb up the competition ranks this company has to turn into a compounding machine but only by creating more ways to generate revenue for the company.
Note – Kindly use this blog information for educational purposes only. Investments are usually risky and subject to market emotions, so consult a licensed financial advisor before investing in the stocks.
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