GameStop just isn’t going away: here is the best place to buy the soaring stock

By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
on Jun 4, 2021
  • GameStop (NYSE: GME) stock shows no signs of slowing down
  • Where are the best places to buy GME shares?
  • What is our GME price prediction?

At the end of January, as GameStop’s (NYSE: GME) stock price plummeted from a high of $350 to a low of $40, plenty of investors thought the party was over. However, what has happened since is even more impressive.

While we are still yet to reach the heights of the previous short squeeze, GME has been consistently trading at over $150 per share for nearly 3 months. This no longer appears to be some short-term, unsustainable surge, and while some expect the bubble to eventually burst, GameStop is showing no signs of slowing down right now, heading closer and closer to the $300 mark.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

The simple fact is that GameStop is a stock with immense growth potential, regardless of its fundamental value, and while there are risks attached to investing, the potential returns are hard to ignore. So, having previously explained how to buy GameStop shares, today we are focussing on where to buy it.

Scroll down to read out list of the best places to buy GME stock.

Where to buy GameStop stock online

The best way to invest in GameStop in the UK and elsewhere is through a reputable online broker. These are regulated platforms that allow you to create your very own investment portfolio with features such as a demo account and charting tools.

In addition, the two options below have very low fees. If you are looking for the best place to buy GME shares, this is where to get started:

1) eToro

Etoro’s clear, colour-coordinated interface is industry-leading, as is the platform’s wide selection of stocks, cryptocurrencies, forex pairs and commodities. In addition, the platform’s reliability and reputation is unrivalled.

Register here >

2) Plus500

Offering investors the flexibility of CFD trading, Plus500 is a great way to gain exposure to the market performance of GameStop.

Register here >

If our top picks don’t quite work for you, feel free to check out our other recommendations. We have a page listing the top online stockbrokers and trading platforms of 2021 that you can read to compare your options, so feel free to check it out and get started.

What is GameStop?

Founded in Texas in 1984, it is a company that sells a variety of products including video games, consumer electronics and other gaming products. GME operates internationally with over 5,000 stores around the globe, though in recent years the company has struggled with stiff online competition from companies like Amazon, losing a substantial portion of its market share.

Why is GameStop stock going up?

Some would argue that a committed swathe of investors have doubled down on their bullishness; after all, they constantly say they “like the stock.” However, the number if investors who truly buy into GameStop’s long term prospects is not the bulk of the share registry.

Instead, the retail investment community and some major institutions who have clambered aboard the short squeeze train are driving the stock to unprecedented heights. Quite how long this will continue remains unclear, though the stock shows no signs of fading away right now.

Should I buy GME stock?

You would have been better off buying it when it was cheaper last week, though as is always the case, better late than never. Many feel GameStop’s ceiling is substantially higher, so if you are not put off by the elevated risks and volatility, and you can hold your nerve, GME could be a lucrative investment.

Will GameStop make me rich?

This stock has already made numerous investors rich, though given much of its growth has already occurred, it is unlikely to make new entrants a dramatic multiple on their investment. However, it has every chance of providing a more substantial return than most other stocks, making it a value proposition that is hard to ignore.

GameStop price prediction

If you have encountered an analyst who has been confident in their GME price target, we would recommend you think twice. Right now, the fundamentals are not in play, and nobody really knows what direction the stock is going to move in until it happens. Right now, this is a game of cat and mouse, so keep a close eye on the technical factors and make decisions as the story unfolds.

Social media reacts to GME’s resurgence

https://twitter.com/Rohitc1997/status/1400474876167610368

For all the latest information about GameStop and other hot stocks, read our stock news.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
10/10
67% of retail CFD accounts lose money