Is the Turnaround at GameStop Sustainable After 2020?

Business Insider

GameStop Corp. has been beaten up over the course of this year, and not just as a result of COVID-19.

Recently, Telsey Advisory’s Joseph Feldman upgraded GameStop to an Outperform rating from Market Perform and raised its price target to $10 from $9. Feldman noted that recent management conversations have given a rise in confidence ahead of new gaming Xbox and Sony console refresh ahead of the holiday season.

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