GameStop guidance may fall short of expectations, says RW Baird Baird expects GameStop to announce mixed Q4 results next Thursday. The firm sees weak hardware sales and software prices under pressure which could lead to negative comps and flat earnings. In addition, Baird believes the speculation on the restriction of used games is misguided as they feel competitive forces and consumer preferences will protect the used trade. Shares are Outperform rated with a $28 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).