GameStop's (NYSE:GME) slide over the last six months narrates a compelling tale. The stock has declined nearly 38% from its 52-week high of about $35 to approximately $21–22 today.
GameStop Corp (NYSE:GME) stock is buzzing today, a fitting storyline for the Black Friday shopping frenzy.
Beyond Meat is Wall Street's latest meme stock, echoing similarities to prior darlings like GameStop and AMC. Despite it becoming a new trader favorite, smart investors clearly see Beyond Meat's structural issues.
GameStop is upgraded to a buy rating as fundamentals show a clear turnaround, with top-line growth and improved operating efficiency. GME posted a 21.78% YoY net sales increase and a significant operating income swing, beating analyst expectations and signaling robust demand. The company added substantial debt, likely to fund Bitcoin purchases, increasing risk but potentially positioning GME for further gains.
The OG meme stock's social-media post declaring the end of “the console wars” has created plenty of buzz.
In pre-market trading early on Monday, GameStop's share price rose to $25.03, up 7.4% from Friday. The popular meme stock has been volatile so far this year, and its price is down 25.65% since the start of 2025.
GameStop is a compelling contrarian rebound play after a ~20% decline this year, and the stock is no longer just a meme-stock investment. GME's core sales, especially in gaming hardware and trading cards, are growing strongly, driven by collectibles and the Nintendo Switch 2 release. The upcoming release pipeline for Switch 2 games and continued trading card enthusiasm are expected to sustain GME's sales momentum.
Gamestop (NYSE:GME) or AMC Entertainment (NYSE:AMC)?
Recently, Zacks.com users have been paying close attention to GameStop (GME). This makes it worthwhile to examine what the stock has in store.
While GameStop (GME 0.48%) once looked destined to go the way of the dodo bird, CEO Ryan Cohen's efforts have led to a turnaround at the company. This was once again on display when the company reported its fiscal second-quarter results.
GameStop (GME) shares rose after the video game retailer posted better-than-expected results and announced it now held more than half a billion dollars worth of bitcoin.
GameStop's Q2 revenue beat was likely driven by strong Nintendo Switch 2 sales, with Hardware up 31% YoY and Collectibles sustaining even higher growth. The company now holds $9.2 billion in cash and Bitcoin, increased largely due to convertible bond issuance. Warrants will be issued to investors, potentially raising another $1.9 billion if exercised over the next 14 months, signaling management's optimism for a share price above $32.