Wall Street Zen Downgrades GameStop to 'Sell' Rating

Analysts cite concerns over the company's future performance and profitability.

Mar. 29, 2026 at 7:21am

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Wall Street Zen, a prominent financial research firm, has downgraded shares of GameStop (NYSE:GME) from a 'hold' rating to a 'sell' rating in a recent report to investors. This comes as another research firm, Weiss Ratings, had previously upgraded GameStop from a 'sell' to a 'hold' rating earlier this year.

Why it matters

GameStop, the iconic video game retailer, has faced significant challenges in recent years as the industry has shifted towards digital distribution and online sales. This latest downgrade from Wall Street Zen suggests that analysts see further headwinds for the company, raising concerns about its long-term viability and profitability.

The details

In its research report, Wall Street Zen cited a number of factors contributing to the downgrade, including GameStop's declining revenue and earnings. The firm noted that the company's quarterly results have consistently fallen short of analyst expectations, indicating ongoing struggles to adapt to the changing market dynamics.

  • Wall Street Zen issued the downgrade on Saturday, March 29, 2026.
  • Weiss Ratings had previously upgraded GameStop from a 'sell' to a 'hold' rating on February 2, 2026.

The players

Wall Street Zen

A prominent financial research firm that provides investment analysis and recommendations to investors.

Weiss Ratings

A research and ratings agency that provides independent analysis of financial institutions, stocks, and other investments.

GameStop

A global specialty retailer focused on video games, gaming consoles, consumer electronics, and related accessories, with a network of physical stores and an e-commerce platform.

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What’s next

Investors will be closely watching GameStop's upcoming financial results and any further analyst commentary on the company's outlook.

The takeaway

This downgrade from Wall Street Zen adds to the growing concerns surrounding GameStop's ability to adapt to the rapidly changing video game industry, raising questions about the company's long-term viability and profitability.