GME Stock Forecast: Reliable stock price predictions for investors (2024)

Gamestop (GME) Stock Forecast: Reliable Stock Price Predictions for Investors
Experts believe GME stock will reach $70 in May. This prediction follows GameStop's shares hitting $64.83 on Tuesday, May 14th, marking their highest valuation since November 2021. The recent surge has heightened interest in GME stock price forecasts, with investors eager to know what lies ahead for the meme stock.

Can GME stock prices hit $100 per share once again? Which meme coin will be the new DOGE this time around? Read on to find out the answers…

Key takeaways:
GME's 2024 price prediction: Most analysts predict GameStop's stock to average around $13.77, with a high of $17.59 and a low of $9.95. One bullish forecast from Coincodex sets a target at $90 per stock before the year ends.

GME's long-term potential: While some forecasts are conservative, predicting a 2030 price of $31.47, others like CoinCodex are highly optimistic, predicting a potential price surge up to $807.

Pikamoon (PIKA) success: Pikamoon is gaining traction as the new Dogecoin for this new GME stock frenzy, witnessing a nearly 700% surge from its debut price in March 2024.

Pikamoon's growth prospects: With a solid roadmap including the PikaHub launch, metaverse integration, and potential listings on major exchanges, PIKA is poised for 1000x growth, similar to GameFi successes of previous bull runs like Axie Infinity.

GameStop stock price forecast (2024 to 2030): Can GME reclaim $100/Stock?
GME’s quick market summary

• 52-Week Price Range: $15.41 - $347.51
• Market Capitalisation: $12.62 billion
• Trading Volume: Significant daily fluctuations

GameStop stock price prediction 2024
For 2024, the stock price of GameStop (GME) is forecasted to average around $13.77. Predictions vary, with some analysts from Stock Screener, and Traders Union estimating a high of $17.59 and a low of $9.95.

Michael Pachter from Wedbush has set a 12-month price target of $5.60 for GME, predicting an 85.84% decrease from the current stock price. This forecast is echoed by MarketBeat, which also reports an average price target of $5.60, highlighting a substantial downside risk.

However, CoinCodex is more optimistic about the future of GameStop, predicting per stock price around $100 before the year ends. The company’s restructuring and strategic moves towards e-commerce under the leadership of Ryan Cohen will play a critical role in achieving these figures.

GME price prediction 2025
Looking ahead to 2025, GME's stock price is projected to increase, with an average estimate of $18.81 according to Stock Screener. They also predict the stock to reach up to $23.31, while the low-end forecasts suggest around $14.30.

Market analysts believe this growth will be driven by the company's continued efforts to expand its digital presence and diversify its revenue streams beyond traditional retail.

GME stock price prediction 2030
By 2030, conservative expert forecasts suggest that GME's stock could potentially reach $31.47, reflecting significant long-term growth.

Again, Coincodex is more bullish about GME’s long-term prospects. According to its latest forecasts, GME stock could see a 1900x increase to reach a maximum valuation of $807. This projection factors in the company's ability to adapt to technological advancements and maintain relevance in the highly competitive video gaming and retail sectors.

Historical price performance of GME Stock from 2021 to present

Spotlight Wire

GME stock price prediction

The stock price of GameStop (GME) has seen significant volatility and dramatic changes from 2021 onwards. Below is a detailed overview of its performance over the past few years:

2021: The year of the short squeeze

• January 2021: The year began with GME trading around $17-$20 per share. However, it soon skyrocketed due to a historic short squeeze fueled by retail investors on platforms like Reddit.
• Peak in January 2021: GME hit an all-time high of $86.88 on January 27, 2021, a massive increase driven by the short squeeze phenomenon.
• End of 2021: The stock experienced high volatility throughout the year, closing at approximately $150 by December 2021.

2022: Volatility and market adjustments

• Early 2022: The stock opened the year with continued volatility, often trading between $100 and $150.
• Mid-2022: GME's price gradually declined, with significant drops in response to broader market corrections and investor sentiment shifting. By mid-2022, the stock was trading around $40-$50.
• End of 2022: GME closed the year at about $20-$25, reflecting a significant decrease from its highs earlier in the year.

2023: Stabilisation and strategic shifts

• 2023 Performance: The stock saw a relatively more stable performance compared to the previous years. It generally traded between $20 and $30 for most of the year.
• December 2023: GME ended the year around $25, with the company's efforts to pivot towards e-commerce and improve its financial health becoming focal points for investors.

2024: Recent trends and current status

• Early 2024: GME began 2024 at approximately $17.53. The stock saw a steady decline, reflecting broader market trends and internal company developments.
• May 2024: The stock is currently trading around $39.55 as of mid-May 2024. This recent surge is partly due to renewed retail investor interest and strategic announcements from the company.

It's interesting to note that, in 2021, after brokerages halted the buying of GameStop shares, cryptocurrencies surged, with Dogecoin's value soaring over 800% and Bitcoin rising 20% to more than $37,000. This time around, there's another meme coin looking to capitalise on the opportunity...

Pikamoon (PIKA): The next big meme coin of the GameStop Saga?

Spotlight Wire

Pikamoon Game

Pikamoon (PIKA) is quickly gaining traction as a potential breakout star in the cryptocurrency world. Launched in March 2024, PIKA saw an impressive initial surge, rising nearly 700% from its debut price.

This significant growth is indicative of its potential to replicate the success seen by other prominent meme coins like Dogecoin. Also because PIKA has…

Strong community and transparency
One of Pikamoon's standout features is its commitment to transparency. The founders have revealed their identities and the in-house team Orbit Cosmos working on the project, which is uncommon in the crypto world and helps build trust within the community.

This transparency, combined with regular communication through platforms like YouTube podcasts and social media engagements, has fostered a strong, engaged community.

Etherscan Deflationary Tokenomics
Pikamoon's tokenomics are designed to support long-term growth. The total supply of PIKA is capped at 50 billion tokens, with a deflationary mechanism in place where a portion of the tokens is burned with each transaction. This reduces the overall supply over time, potentially increasing the token's value.

Interesting fact: Nearly 100 million PIKA tokens have been burnt so far. (Source:Etherscan )

Celebrity endorsem*nts and media buzz
The buzz around Pikamoon has been amplified by endorsem*nts from notable figures such as Corey Worthington - i.e. the Project-X boy, who's announced a web3 party when PIKA achieves a $1 billion market cap.

$100,000,000 FDL Market Cap 🙌

The original Corey from the film Project X has a quick message for us 🎥

Act Fast 💨▪️https://t.co/C5tBUfDnks pic.twitter.com/WsnzTxyLhu

— Pikamoon (@PikaMoonCoin) March 22, 2024

The team has also run successful marketing campaigns, including partnerships with over 250 Key Opinion Leaders (KOLs) in the industry.

This media attention, coupled with a strategic listing on major exchanges like Bitget, Uniswap, Bitmart and MEXC, has increased the token's visibility and liquidity, making it more accessible to a wider audience.

Big potential for future growth
Pikamoon is expecting to achieve some big milestones of its roadmap in 2024 and 2025. These include the launch of PikaHub (with the potential to become a one-stop shop for everything PIKA-related), open-world metaverse integration, full game release and upcoming listings on Binance, Coinbase, etc.

With a solid roadmap for future development and expansion, PIKA has the potential to become the next big meme coin of this bull run.

GME Stock Price Prediction - FAQs

What is GameStop (GME)?
GameStop is a video game, consumer electronics, and gaming merchandise retailer in the USA.

What is the future of GME?
The future of GameStop (GME) looks volatile but positive. Some analysts predict a significant decline in its stock price, with a consensus price target of $5.60, reflecting an 85.85% downside.

On the other hand, the company is attempting to pivot towards a more digital-focused business model, and if it can ward off the intense competition in the e-commerce space GME could rise well over $100 in valuation per stock.

Is GME stock a good buy?
Yes, GME stock has the potential for good gains in the long run. However, the current consensus rating is "Strong Sell" due to its high volatility at the moment, the unsustainable nature of its recent price spikes, and fundamental business challenges.

Will GME reach $100?
According to Coincodex, GME stock can reach $100 in the next few years.

Who is Keith Gill AKA Roaring Kitty?
Keith Gill, also known as ‘Roaring Kitty’ on YouTube and X, is a financial analyst who became famous for his role in the GameStop short squeeze back in 2021.

Why is GME Stock Price Rising?
GME stock price is rising after Roaring Kitty made several cryptic tweets on X platform. He's been active again after 3 years of absence.

Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.