Zhitong Financial APP learned that Bank of America continues to be bearish on Game Station (GME.US), maintaining a "outperform" rating with a target price of $10.

Analyst Curtis Nagle said: "We think fundamentals will once again affect valuations and note that at current prices of $92 and 3.70 times the five-year average EV / EBITDA, the implied EBITDA is $1.6 billion, compared with $65 million in 20 years."

As for raising cash at a higher share price, Nagle sees no technical reason not to raise equity, although he points out that the company is at risk of increasing selling pressure.

In addition, valuation expert Aswath Damodaran, a professor at New York University, earlier published an analysis of PlayStation, valuing the company at an optimistic $47 a share. Viceni investment values the game station at $60 a share.