GameStop and DoubleVerify receive updated analyst ratings

Investment analysts have issued updated ratings for GameStop and DoubleVerify. Wall Street Zen downgraded GameStop from a ‘buy’ to a ‘hold’ rating. This follows a period where the company reported quarterly earnings of $0.30 per share, exceeding consensus estimates, and revenue of $835.30 million.

Regarding DoubleVerify, JPMorgan Chase & Co. reaffirmed a ‘neutral’ rating with a price objective of $13.60. Other financial institutions have also adjusted their stances: Wells Fargo & Company upgraded the stock from ‘underweight’ to ‘equal weight’, while Scotiabank downgraded it to ‘sector perform’. Truist Financial also lowered its rating from ‘buy’ to ‘hold’.