Piper Jaffray remains bullish on GameStop Piper Jaffray remains bullish on GameStop following strong Q2 results and believes FY14 outlook will prove conservative given a faster than expected uptake of next gen consoles and strong software attach rates. Shares are Overweight rated.
GameStop should be bought if earnings prompts pullback, says Baird Baird noted GameStop reports Q1 results on Thursday and said shares are typically volatile following earnings reports. The firm would use any pullback as a buying opportunity, as the cyclical market for console gaming is now trending toward higher-margin software. Baird reiterated its Outperform rating and $50 price target on GameStop shares.
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).