GameStop stock forecast: Is the latest meme-stock rally over?
Read our GameStop (GME) share price forecast for 2025 and beyond, with insights from third-party analysts and market experts
As of 9 April 2025, GameStop (GME) shares were down over 20% year-to-date, but still up more than 130% year-on-year.
On 27 March, the company priced a $1.5bn private offering of convertible senior notes, which closed on 1 April. Part of the proceeds will go toward strategic bitcoin (BTC) acquisitions. Days later, on 3 April, CEO Ryan Cohen increased his stake by 500,000 shares, bringing his total ownership to around 8.4% (roughly 37.3m shares).
With GameStop expanding into digital assets and broader macro shifts underway, what’s next for GME? Below are the latest third-party forecasts and price predictions for 2025 and beyond.
GME stock prediction: Wall Street ratings
Analyst sentiment for GME stock remains bearish in 2025. As of 10 April, TradingView data showed a consensus rating of ‘sell’, with two analysts issuing ‘sell’ or ‘strong sell’ recommendations.
Wedbush Securities maintained an ‘underperform’ rating and raised its GME price target to $13.50 – implying a 46.85% downside from the $25.40 closing price on 9 April.
Meanwhile, Peter Schiff – famously known as ‘Dr. Doom’ – implied that any ‘Bitcoin-inspired’ GME share price gains would be short-lived in a string of posts published to X (formerly Twitter). Schiff said: ‘Now that all the fools have already rushed in, smarter investors are selling as they realise that wasting cash buying bitcoin is not a viable long-term business model… ‘[gambling] on companies buying bitcoin is not a good investment strategy.’
GME share price targets for 2025, 2026 and 2030
What’s the GME stock forecast for the years ahead? As of 10 April 2025, algorithm-based predictions point to mixed sentiment, with most long-term projections for the GameStop price leaning bearish.
Trading Economics provided a neutral outlook, projecting a $22.79 GME share price by the end of Q2 2024, and $21.12 by April 2026.
Similarly, Gov Capital offered a moderate shorter-term forecast, which turned increasingly bearish in the longer term. The forecaster predicted that GameStop’s share price could rise to $32.94 by the end of 2025, then fall to $31.182 at the close of 2026. Gov Capital suggested that GME would continue to descend, potentially reaching as low as $2.813 by April 2030.
CoinCodex also weighed in, with its GameStop stock prediction which indicates potential price volatility – including average $23.48 GME price in 2025, down to $22.33 in 2026, and $16.54 in 2027. CoinCodex forecasts GME to climb to a $17.33 average share price in 2028 and $24.27 in 2029, before falling to $16.44 in 2030.
Wallet Investor remained firmly bearish, calling GameStop ‘not a good investment’. It forecasted GME to fall to $17.70 by end-2025, $13.42 in 2026, $9.36 in 2027, and just $1.88 by April 2030.
Analyst and algorithmically generated forecasts are subject to change and may be inaccurate or incorrect. Past performance doesn’t guarantee future results.
GME stock forecast: Analyst sentiment
Analyst sentiment on GME stock remains highly mixed, with opinions shaped as much by fundamentals as by meme stock momentum. In a Yahoo Finance interview, Ritholtz Wealth Management co-founder Barry Ritholtz said: ‘I love the GameStop investors… they are a cautionary tale for the rest of us,’ referring to the meme stock movement driven by social media influencers like Keith Gill – known online as ‘Roaring Kitty’.
Gill, who played a central role in the 2021 GameStop surge, returned to social media in 2024 after a three-year break to express renewed enthusiasm for GME.
Tipranks contributor Bernard Zambonin noted that prior to Gill’s return in May 2024, GameStop’s cash and short-term investments had declined from nearly $1.4 billion in fiscal 2023 to just over $1 billion – though the company has held almost no debt since 2021.
On the company’s strategic direction, Zambonin added: ‘The plan to turn GameStop into a holding company could be a huge success or a major failure,” noting that Gill’s renewed interest was largely 'a bet on Ryan Cohen and his management team.’
Past performance is not a reliable indicator of future results.
GameStop stock price history
GameStop’s stock price history began on the New York Stock Exchange in February 2002, following its spin-off from Barnes & Noble. However, its stock price rose to prominence in January 2021 during the infamous ‘meme stock’ frenzy. Retail investors on Reddit’s r/WallStreetBets forum — influenced by Keith Gill, also known as ‘Roaring Kitty’ — triggered a historic short squeeze. GME surged 2,442%, climbing from $4.75 on 4 January to an intraday high of $120.75 on 28 January 2021 (note: some sources cite even higher temporary spikes due to trading halts and volatility).
In March 2022, GME announced a 4-for-1 stock split in the form of a dividend, which took effect in July 2022 and temporarily lifted its share price.
By late 2023, GameStop shifted its strategy under CEO Ryan Cohen, focusing on e-commerce and digital assets. These efforts generated optimism, but some remained sceptical about the company’s ability to execute its transformation plan. GME closed 2023 at $17.53, down by approximately 54.85% year on year.
2024 – 2025
GME’s price reached $64.83 on 14 May 2024 – up approximately 487.76% from its $11.03 price on 1 May 2024 – following social media posts from Roaring Kitty, who had reemerged after a three-year hiatus. Gill reignited retail investor enthusiasm with a series of posts and a highly anticipated YouTube livestream. GameStop closed on 30 December 2024 at $32.01 per share – up by 82.60% year on year.
As of 9 April 2025, GameStop shares had decreased over 20% year-to-date, but increased over 130% year-on-year due to earlier rallies and strategic initiatives. Developments include a private offering of convertible senior notes that raised $1.5 billion, and CEO Ryan Cohen’s purchase of an additional 500,000 shares.
Past performance is not a reliable indicator of future results.
GME stock analysis: Technical views
As of 10 April 2025, GME’s stock price is up 130% year on year. However, GameStop’s price movements since January indicate a bearish sentiment, having lost approximately 30% year-to-date. Concerns about potential dilution of stock value after multiple fundraising rounds in 2024 and 2025, as well as its strategic acquisition of Bitcoin have continued to weigh on GME’s valuation.
TradingView provided a one-month technical analysis for GME shares based on 26 technical indicators – including 11 oscillators and 15 moving averages – which aggregated a ‘buy’ recommendation. 14 indicators gave a ‘buy’ signal, 10 were ‘neutral’, and the remaining two suggested ‘sell’.
Technical indicators at TipRanks painted a similar picture, with eight bullish and three bearish signals – resulting in a consensus ‘buy’ rating for GME shares.
What influences GME’s stock price?
GME’s share price is shaped by a mix of online activity, trading dynamics, GameStop company news, market sentiment and broader economic conditions.
Social media activity
GameStop’s price can be influenced by online communities like Reddit’s r/WallStreetBets. Advocacy from figures such as Roaring Kitty have triggered sharp rallies, including a 487% surge in May 2024. However, gains linked to online momentum tend to be short-lived. For example, GME’s share price decreased in July 2024 as interest faded.
Short interest & squeeze
High short interest makes GME vulnerable to short or gamma squeezes. For instance, a retail-driven gamma squeeze in March 2024 influenced significant single-day gains. These events can trigger rapid price increases but typically reverse as short positions unwind.
Company-specific developments
Announcements involving Ryan Cohen have repeatedly moved the stock. His 2025 share purchase led to a 15% intraday gain. Conversely, the $1.5bn convertible notes sale – used in part to buy bitcoin – raised dilution concerns.
Retail sentiment and trading patterns
GME shares doubled in October 2024 during a brief meme stock rally, but retraced by mid-November. These cycles reflect pump-and-dump patterns, with prices rising rapidly on hype before correcting. Retail-driven trading has historically increased during periods of low institutional activity, increasing both upside potential and downside risk.
Macroeconomic environment
GameStop is sensitive to interest rate trends and retail sector performance. Rate hikes in 2024 weighed on speculative stocks, including GME. The U.S. Federal Reserve’s rate cuts in Q1 2025 provided temporary relief, supporting a modest rebound. Broader shifts in consumer spending may also affect sentiment.
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GME shares trading strategies
Trading strategies involve technical and fundamental analysis, and can help you stay on track when speculating on stock market prices, such as GME shares. Here’s some trading strategies to consider.
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Swing trading strategies are medium-term. Swing traders aim to hold an asset over the course of a price swing, using technical indicators like moving averages or RSI to identify entry and exit points, and exit the position prior to a direction change.
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Position trading strategies are longer-term. Position traders seek to hold an asset during sustained trends to capture gains over weeks or months, focusing on medium- to long-term market movements.
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Trend trading strategies can vary in duration. Trend traders use technical analysis indicators to identify prevailing trends, aiming to capture gains until it concludes.
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Day trading strategies are short-term. Day traders aim to capture profits from intraday price fluctuations, within a day or less.
Build and customise a strategy aligned with your trading goals, individual preferences, and risk tolerance.
Discover more strategies on our trading strategies page.
Risks and rewards to GME shares trading
GameStop (GME) shares trading presents speculative opportunities, but it also involves elevated risks. Here’s some key factors to consider before entering or exiting a position.
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Volatility: GME is a highly volatile stock. Share price movements can be sharp and sudden, influenced by social media activity, trading volume surges, and short squeeze dynamics. Prices can rise or fall rapidly within a single session.
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Market sentiment: GME’s performance is closely tied to retail investor sentiment, particularly on platforms like Reddit and X (formerly Twitter). Sudden shifts in online interest can trigger short-term rallies or steep declines, often disconnected from company fundamentals.
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Company-specific risks: GameStop’s business model is evolving, with ongoing shifts towards e-commerce, digital services, and collectibles, while its $1.5bn convertible note issuance introduced dilution concerns in 2025.
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Liquidity and execution: Trading volumes can fluctuate due to retail investor activity or major news events. During periods of lower liquidity, wider bid-ask spreads may affect order execution and increase slippage risk, particularly for larger orders.
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Risk management: Use stop-loss orders, limit order entries, and defined risk-reward ratios to protect capital. Effective risk management can help to mitigate volatility risk.
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Trading strategy: Align your strategy with your risk profile and time horizon. Short-term traders may focus on price swings driven by sentiment. Long-term traders could assess GameStop’s strategic developments and financial performance.
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Diversification: Avoid overexposure to a single stock. A diversified portfolio across sectors and asset types can help reduce the impact of adverse moves in GME.
Learn more in our shares trading guide.