PS3 News: GameStop Shares Hit Three-Year High As Next-Gen Looms - PS3 News

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GameStop Shares Hit Three-Year High As Next-Gen Looms

One might think that with the digital revolution virtually upon us, brick-and-mortar stores would be in trouble.

But although mega game retailer GameStop said 2012 was a "challenging" year, their financial results were solid and the future is bright.

And as such, the company's stock price is at its highest point in three years (since April 2009), as GameStop shares were up 6.4% at close of trading two days ago. They're now valued at just over $30/share after rising another 1.04% yesterday, and most analysts are saying investors should definitely look into siding with GameStop.

Sterne Agee analyst Arvind Bhatia predicts a further increase for GameStop as the PlayStation 4 and Xbox 720 are potentially on the horizon for later this year. Ascendiant Capital Markets analyst Edward Woo echoed Bhatia's optimisim with the following statement:

"The new core gaming consoles by Microsoft and Sony will drive consumer interest and demand for video games over the next several years."

Lastly, Janney Montgomery Scott analyst Tony Wible said GameStop will gain further market share once the next generation is upon us. All three mentioned analysts have given GameStop a "buy" rating, so you may want to opt for some stock...soon.

Tags: gamestop, video games, gaming industry, game sales

4/2/2013 10:49:53 PM Ben Dutka

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Comments (5 posts)

Kryten1029a
Wednesday, April 03, 2013 @ 12:38:58 AM
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Will they give me a 30% bonus on my trade-ins if I use the money to buy stock?

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The Real Deal
Wednesday, April 03, 2013 @ 2:49:46 AM
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Oh, Gameflop. The only reason you still exist is because of COD. I know as soon as activision confirms the next iteration in the series, you will jump on the hype train that is COD. I fear that day, every year. No matter if i am minding my business in your stores or if i am legally too young to buy the game or just calling to get trade in credit values; i will be asked if i want to preorder it. Making matters worse when i say no (which i have every year in the past and the future)you will tell me a thousand reasons why i should. So hears some advice, when you vomit out your mouth please don't do it in my direction or anyone else's, Thanks!

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The Real Deal
Wednesday, April 03, 2013 @ 2:59:20 AM
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In addition and this is a PSXextreme exclusive, i am planning on going to my local Gamestop after COD is announced and recording the daily activities of its employees. With a strong emphasis on capturing evidence that gamestop has a history of marketing these games to minor's. They think they are above the law, well lets see what the youtube community thinks when i post the footage. You are welcome to join in on the discussion when the time comes, my id on youtube is vegnagon123.

Am i spitefull, yes! I hate companies that take advantage of people for no other reason then greed and profit!

P.S. I do not shop at Walmart!

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WorldEndsWithMe
Wednesday, April 03, 2013 @ 10:01:36 AM

lol, that actually sounds like a fun investigative reporting activity!

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WorldEndsWithMe
Wednesday, April 03, 2013 @ 10:01:00 AM
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I'm scared to buy stock in this place, it seems like it could go off a cliff at any moment.

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