Ascendiant analyst Edward Woo raised the firm’s price target on GameStop to $25 from $10 and keeps a Sell rating on the shares. The analyst believes the rating and price target reflect the company’s “significant digital and execution risks offset by the small chance for a highly successful and valuable company transformation.” Reddit trading is likely to propel the stock near term, but his is “likely to fade in one year as digital threats increases,” Woo tells investors in a research note.
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