/biz/ - Business & Finance

Hepcats, lets check the latest news to see why this stock is Fucking down this morning! Oh no...

Analyst reboots GameStop stock price target after share sale
https://www.thestreet.com/investing/stocks/analyst-reboots-gamestop-stock-price-target-after-share-sale
>"GameStop’s share price closed at $46 on June 6, we had assumed it would complete the sale at an average price of $40," Wedbush analysts said.
>"Instead, the shares declined precipitously on June 7, reflecting news from Reddit following a rambling presentation by Roaring Kitty (Keith Gill), closing that day at $28"
>Wedbush said that it was lowering its price target to $11 from $13.50 to reflect lower-than-expected proceeds from the share offering.
>"Our revised price target reflects roughly $9.50 per share of net cash, plus a going concern value of roughly $1.50 per share," the firm said. "We are maintaining our underperform rating,"

Wedbush Analysts are saying they don't Fucking like the stock!

This Cat is now considered to be the Top GME Analyst out there now.