GameStop mentioned cautiuosly ahead of tomorrow's sales report at Piper Jaffray Piper Jaffray's checks indicate weak Nintentdo Wii U sales will not help Gamestop's hardware sales offset relative weakness in software. The firm believes holiday comps will range between (1%) and 3% and that any number below (1%) will likely pressure shares. The firm rates shares a Neutral with a $24 price target.
April NPD video game software sales rose 13%, says Piper Jaffray Piper Jaffray notes April NPD video game software sales increased 13% year-over-year with next-generation software revenue up 200% versus the prior year. Piper keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).