Video Gaming ETF (GAMR) Hits New 52-Week High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
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Source: NASDAQ.COM
- Amplify Video Game Tech ETF (GAMR) Hits New 52-Week High: The fund has recently reached a new high, with shares up by approximately 29.1% from its low.
- Outlook for GAMR: Investors are looking at the potential for further gains in this ETF and analyzing its near-term outlook.
- Underlying EEFund Video Game Tech Index: The index tracks companies involved in the electronic gaming industry, charging 75 bps in fees.
- Recent Rally Due to GameStop Surge: The recent surge in GAMR is attributed to the significant increase in GameStop stock, which has a 3% weight in the fund.
- Caution Against Meme Mania: While there is a positive outlook for the ETF, investors are advised not to solely rely on the hype surrounding GameStop stock and target GAMR, as meme mania trends are typically short-lived.
Analyst Views on GAMR
Wall Street analysts forecast GAMR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GAMR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 87.774
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Current: 87.774
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
