Do analysts'forecasts for GME stock still matter?

While analysts’ forecasts aren't the most perfect indicator, they do provide insights into what Wall Street thinks about a company. GME stock has been on a literal freefall and investors have lost billions amid the euphoria. However, after the crash, GameStop’s valuations have started to look much more reasonable.

Is GME (GME) a turnaround story?

While analysts' forecast is bearish for the gaming retail company, it's a turnaround story. GME could see an increase in earnings and structurally higher valuation multiples as it transforms itself into an online gaming retailer. Now, the stock trades at a much more reasonable NTM EV-to-EBITDA multiple of 30.4x.

What does GME sell?

The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downlo... GME Profile