After removing Gamestop Corp from their conviction buy list in November, sell side Goldman Sachs analyst Robert Higginbotham today is pushing investors to buy GameStop shares, with a price target of $29.  He cites two specific catalysts including GameStop's holiday sales report coming on January 7th and their full earnings report in March.  Higginbotham believes GameStop will meet expectations and thus rise as a result of low expectations built into valuation.  He also mentions his belief that the company has some M&A potential.

This follows an article over the weekend in Barron's mentioning GameStop as a top trade for 2010, according to Goldman Sachs' top strategist, David Kostin.

"Goldman's Kostin suggests leaning on companies with high operating leverage that now are scraping the bottom of their profit-margin cycles, and those that are growing in the BRIC countries. Also, "companies with high free-cash-flow yields are likely to pursue mergers or return cash to shareholders via buybacks and dividends," he says."

Higginbotham stated that he believes share buybacks are in the cards for GameStop in 2010.