GME Stock Forecast: Stock to Continue to Rise Even After 137% Surge

This GME stock forecast article was written by Maria Grishaev, Analyst at I Know First.

Executive Summary

  • Following the announcement of the partnership with Microsoft, GameStop Corp received a boost in stock price.
  • Quantitative analysis results indicate bullish signals after stock price topped out the moving average line.
  • GME deserves a one-year target price of 22$, representing revenue growth.

New forecasting serviceRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here

Amazon Stock Forecast: COVID-19 Showed How Strong Amazon Is

motek 1This Amazon stock forecast article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Like other stocks, AMZN was among the biggest dropper during the March Madness COVID-19 pandemic sell-off.
  • Amazon’s stock is also among those fastest to recover. From dipping below $1,700, this stock is trading above $1,900.
  • Now is the time to add more AMZN to your long-term portfolio. COVID-19 obviously steered new repeat customers to Amazon’s online marketplace.
  • Traditional retail stores were forcibly shutdown in many countries due to COVID-19 pandemic. On the other hand, online shopping portals are still allowed to operate.
  • The work-from-home initiatives of most companies right now is also boosting Amazon’s most profitable division, AWS.

AMZN stock forecastRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here

Alibaba Stock Price Prediction: Why Alibaba Deserves A Price Target of $240

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • Alibaba’s stock price is now 26.7% higher than when I made my September buy recommendation. I still see BABA rising to beyond $240 within the next 90 days.
  • Alibaba will report its Q3 2020 numbers today. I expect it again to beat EPS and revenue estimates.
  • If Alibaba reports beats on revenue and EPS estimates, the stock will likely rally to above $230 this month.
  • Amazon’s retreat from China will only accelerate Alibaba’s growth.
  • Coronavirus has no long-term effect on Alibaba Even if there’s a delay in production and delivery, Alibaba’s e-commerce goods will still get paid upfront.

premiumRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content here