Key Highlights:
- GameSquare (GAME, Financial) surges in pre-market trading after announcing a significant increase in its digital asset treasury program.
- Analysts set a bullish average price target of $3.33, projecting significant upside potential.
- Despite the positive sentiment, GuruFocus estimates suggest a possible downside based on GF Value calculations.
GameSquare (GAME) experienced a notable 5.26% increase in pre-market trading, reaching $1.60. This surge followed the company's announcement to expand its digital asset treasury program from $100 million to a substantial $250 million. As part of this expansion, GameSquare invested $30 million in Ethereum (ETH-USD) and initiated a $10 million NFT yield strategy.
Wall Street Analysts Forecast
The one-year price targets set by three analysts for GameSquare Holdings Inc (GAME, Financial) reveal an average target price of $3.33. The projections range from a high of $4.00 to a low estimate of $3.00. This average target presents an impressive upside potential of 106.40% from the current trading price of $1.62. Investors seeking more detailed estimate data can access it on the GameSquare Holdings Inc (GAME) Forecast page.
According to consensus from two brokerage firms, GameSquare Holdings Inc's (GAME, Financial) brokerage recommendation stands at 2.0, indicating an "Outperform" status. This rating is based on a scale where 1 signifies a Strong Buy and 5 denotes a Sell, illustrating a positive analyst outlook.
GF Value Estimate
Despite the optimistic analyst projections, the estimated GF Value for GameSquare Holdings Inc (GAME, Financial) suggests a different perspective. The GF Value, representing GuruFocus' fair value estimate, is calculated to be $0.83 in one year, implying a potential downside of 48.61% from the current price of $1.615. The GF Value is derived from historical trading multiples, past business growth, and future performance estimates. For further detailed data, visit the GameSquare Holdings Inc (GAME) Summary page.
