GameStop stock: Wall Street versus ChatGPT-4o’s 1-year price predictions
Despite facing a decline for the past three years, GameStop experienced a sudden shift in May 2024. Keith Gill, also known as Roaring Kitty and DeepF*uckingValue, played a significant role in this resurgence. Gill’s return to the scene and his cryptic posts on social media caused GameStop’s stock to skyrocket in the market. Over the past 30 days, the company’s shares have increased by 151%, and since the beginning of 2024, they have risen by 145.78%. As of today, GameStop’s stock price is $40.97.
While GameStop’s short-term future appears promising, its long-term outlook remains uncertain. To gain insights into the company’s prospects, Finbold analyzed the consensus among analysts and consulted OpenAI’s ChatGPT-4o, an advanced AI platform.
Analysts expect GameStop to continue its decline, as meme stock rallies are primarily driven by social events rather than underlying business fundamentals. Wall Street experts have assigned few recent price targets to GameStop, and those who have commented on the matter are bearish. One analyst on TradingView rates GameStop shares as a ‘strong sell,’ while another rates it as a ‘sell.’ The highest price target predicts a 33.02% decline from the latest closing price, bringing it down to $15.50. The lowest price target forecasts a drop of 73.64% in the next 52 weeks.
In contrast, ChatGPT, the AI platform, considers the recent rally and its potential short duration, but also takes into account the possibility of long-term benefits for GameStop. ChatGPT estimates a realistic 12-month price target of $30 for GameStop. However, it acknowledges the unlikely scenarios of a higher price near $60 or a crash to $15.
Please note that this article does not provide investment advice, and investing in stocks carries risks.
