"Analyst Predicts Inevitable Demise of GameStop Stock Amidst Sales Decline and Job Cuts"

GameStop's stock continues to plummet following its latest earnings release, with analysts at Wedbush predicting the company's demise later this decade due to declining sales, cash burn, and lack of a clear strategy to replace lost game sales. Despite manageable losses in the near term, the firm believes GameStop may struggle to trim costs fast enough to prevent further growth of its losses, potentially leading to a likely runway of no more than five years. Wedbush has cut its price target for the stock to $5.60 from $6 per share, maintaining an underperform rating, implying a downside risk of nearly 60% based on Wednesday’s price of $13.10.