GameStop Stock Prices Odds: What Is The Future Price Of GameStop Stocks?

By Adam Thompson

Jun 5th, 2024 4:26 PM EST

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GameStop stock prices rose as much as 75% on Monday after social media influencer Roaring Kitty posted a simple meme – then invested over $170 million in the video game franchise. 

Roaring Kitty – believed to be investor Keith Gill – famously sent GameStop’s prices soaring back in 2021, a bold move that inspired a Netflix documentary. This latest move caused an exuberant uproar on Reddit, X, and other social media finance channels. 

When it happened in 2021, GameStop’s stock prices soared, plummeted, and bounced every which way through the course of the year. Will we see the same trend again, or could the stock stay sky-high this time? 

Bookies.com veteran oddsmaker Adam Thompson has surveyed the financial landscape and revealed his betting odds as to what GameStop’s price will be at the end of the year. 

GameStop Stock Prices On 1/1/25

This market is for entertainment purposes only and has been created by the Bookies.com team. It is not currently available on betting apps. Percentages will not add up to 100% most time because these are designed to simulate odds a sportsbook would set.

GameStop Soars Again: Stock Prices Surge

GameStop stock prices rose over 75% over Monday before dropping slightly, but still finishing at $28. The excitement was due to the investment from a group believed to be led by Keith Gill – known in social media circles as Roaring Kitty.

Kitty posted a meme of an Uno card, which has more than 12 million views. Soon after, GameStop shares blew up. 

GameStop has proven to be the king of Meme Stocks, shares of companies that gain a “cult-like following on a social media,” which can dramatically influence share prices. 

Gil was the same investor who ignited the GameStop stock price fury in 2021. That time, the stock prices rose nearly 700% in one day. The jump was less dramatic this time around but significant. Two days later, the stock was still up more than 50% at $27.83. 

“Obviously it doesn’t take much to get the faithful excited in this stock, and they’re excited once again,” said Steve Sosnick, Interactive Brokers chief strategist. 

Sosnick told Yahoo! Finance on Tuesday that likely anyone who buys now will mostly be fodder for those who forced the price to explode. 

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"If you're chasing the stock up here, you're more likely than not the source of liquidity for whoever is controlling this account to sell into your enthusiasm,” he said. 

Some analysts believe this time is different than the 2021 short sale. 

On Jan. 1, 2021, GameStop’s stock rose from $4.75 a share to $81.25 by the end of the day. One month later, it was down to $25.43 – still a nice bump from the previous month but well below the peak price. 

The stock did rise into the $50 range for much of the year, but was back down to $27.23 by the close of 2021. 

It has since dropped down to a low of $11.09 on April 1 of this year. Now it’s back up. But for how long? 

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About the Author

Adam Thompson

More About Adam

Long established as one of the nation's premier handicappers, Adam Thompson joined Bookies.com in 2019 after a successful run as senior handicapper for SportsLine & CBSSports.com. He specializes in the NFL and MLB, where he's hit on well over 60% of his picks the past five years. Adam's NBA and horse racing picks have also produced consistent, major winners over the years.

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