GameStop SSS Dips and 4 Stock Analyses to Track
Boeing Co. (NYSE:BA): Current Price $76.44
Boeing Co. shares are being mentioned positively at Cowen.
ON Semiconductor Corp. (NASDAQ:ONNN): Current Price $7.43
Pacific Crest made positive comments following ON Semiconductor Corp.’s investor meeting and believes that the first quarter will be a bottom and noted that customers are placing orders for the second quarter backlog. The firm recommends buying shares and reiterates their Outperform rating.
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Akamai Technologies Inc. (NASDAQ:AKAM): Current Price $39.51
Wells Fargo noted Streaming Media reported that Level 3 (NASDAQ:LVLT) won a contract to deliver some of Apple’s (NASDAQ:AAPL) software downloads. The article indicated that the contract is likely to be very small in comparison to Akamai Technologies Inc.’s exclusive contract with Apple to deliver all iTunes traffic. Wells said that while the article could create some negative sentiment on Akamai shares, they doubt that the Level 3 contract with Apple will have any impact on Akamai’s revenue or growth outlook. The firm keeps an Outperform rating on Akamai.
Coinstar Inc. (NASDAQ:CSTR): Current Price $48.64
Piper Jaffray said that web traffic data from comScore for the fourth quarter shows a year-over-year decline for both Coinstar Inc.’s Redbox and Netflix (NASDAQ:NFLX). Piper said that the results for both companies are relatively weak, but added improvements were seen as the quarter progressed.
GameStop Corp. (NYSE:GME): Current Price $22.6801
After GameStop Corp. reported that their same-store sales fell 4.4%, Sterne Agee expects the company to benefit from upcoming new products, as well as their mobile and digital businesses. The firm reiterates a $30 price target and Buy rating on the stock.
Investing Insights: Will GameStop Rebound?