Michael Pachter

GameStop Corp. (NYSE: GME) continues to have a difficult year after reporting a second-quarter earnings miss Tuesday. Here's what the Street had to say.  Credit Suisse: It May Get Worse Before It Gets Better Credit Suisse analyst Seth Sigman said in a Wednesday note that the retailer...

Tech stocks led the market lower on Monday, with the Technology Select Sector SPDR Fund (NYSE: XLK) trading down 1% on the day. Twilio Inc (NYSE: TWLO) shares plunged 9.7%, Roku Inc (NASDAQ: ROKU) shares dropped 4.4% and Snap Inc (NYSE: SNAP) shares tumbled 7.1% amid the sell-off. Fearful Investors...

Online video game developer Zynga Inc (NASDAQ: ZNGA) has the potential to show notable upside versus the Street's estimates through 2021, according to Wedbush. The Analyst Michael Pachter maintained an Outperform rating on Zynga  with an unchanged $9 price target. Pachter also added...

Take-Two Interactive Software, Inc (NASDAQ: TTWO) stock was soaring Tuesday as analysts boosted price estimates in the wake of another big earnings beat and guidance that suggests the company thinks more wins are coming. The company reported higher net bookings and EPS 23 cents above the Street...

Action camera maker GoPro Inc (NASDAQ: GPRO) reported second-quarter results Thursday that fell short of estimates, but the company guided to a better outlook for the rest of the year. The Analysts Morgan Stanley's Erik Woodring maintained an Underweight rating on GoPro with an...

Glu Mobile Inc. (NASDAQ: GLUU) reported second-quarter Thursday results that were broadly in-line with expectations and reduced its guidance for the full year. Although the company’s 2019 has been impacted by a delay in the release of "Sorcerer’s Arena" by Walt Disney Co...

Zynga Inc (NASDAQ: ZNGA) reported second-quarter profits Wednesday that were significantly above expectations. Although the company raised its full-year guidance by more than the magnitude of the second-quarter beat, there is significant upside ahead from new game launches, according to...

Fitbit Inc (NYSE: FIT) reported second-quarter results highlighted by a poor performance of the Versa Lite. Management also lowered full-year guidance and provided a disappointing outlook to the third quarter. The stock plummeted more than 20% Thursday morning, hitting an all-time low of $3.27 per...

Twitter Inc (NYSE: TWTR) traded near its 52-week highs Monday morning after the company reported encouraging second-quarter results Friday. Twitter reported a top- and bottom-line beat in the quarter along with multiple encouraging metrics that signal the platform is experiencing growth. Some...

Snap Inc (NYSE: SNAP) reported a better-than-expected second-quarter earnings print, which prompted several analysts to lift their price targets on the stock but shied away from turning bullish. The Analysts Nomura Instinet's Mark Kelley maintains a Neutral rating on Snap with a price target...

Shares of Nintendo Ltd/ADR (OTC: NTDOY) were on the rise again Thursday after an upgrade from Wedbush following the company’s announcement of the handheld Nintendo Switch Lite. The Analyst Michael Pachter upgraded Nintendo from Neutral to Outperform and boosted the target price for the Tokyo-...

After closing last week on a down note, video game stocks such as Electronic Arts (NASDAQ: EA), Activision Blizzard (NASDAQ: ATVI) and Take-Two Interactive (NASDAQ: TTWO) are seeing downward pressure in Monday's session. Why The Move? Needham’s analyst Laura Martin told Benzinga the...

Sales of traditional console-based video games were down 17% in May from a year ago, as gamers continue to shift to free-to-play games, mobile offerings and a couple of traditional games had lackluster debuts. Data on U.S. gaming console/handheld software sales for May came in at $141 million...

Video game trade event E3 had a new console rollout from Microsoft Inc. (NASDAQ: MSFT), tons of upcoming game previews and even an appearance by Keanu Reeves, both in a game and on stage. But Wedbush said that with the industry in flux and uncertain exactly where it’s going, this year’s...

While Best Buy Co Inc (NYSE: BBY) turned in another solid quarter Thursday, its success could be threatened by rising tariffs, according to Wedbush.  Best Buy reported first-quarter earnings of $1.02 per share, well ahead of the Street’s 86-cent estimate. Revenue was essentially in line...