Based on the latest earnings call, the GME stock price forecast is underpinned by a modest improvement in gross margins, though Wall Street stays cautious on long-run fundamentals. For the year ahead, analysts have adjusted Kingfisher’s profit forecast. They now expect adjusted pre-tax profit for the year to January 2025 to come in at £523m, down from £568m the previous year. Free cash flow is expected to fall to £422 million for fiscal 2025, down from £514m in fiscal 2024, but still sufficient to fund the ongoing share buyback program and maintain dividends. Analysts anticipate a small increase in the dividend, raising it to 12.5p per share from the 12.4p level held steady for the last four years. 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. Options flow data reveals heavy call buying at the $20 strike for July expiry, nudging the GME stock price forecast towards higher probability of near-term resistance testing.
