GameStop (NYSE: GME) Operating Income More Than Doubles As Wall Street Begins Pricing In Collectibles Transformation

GameStop attracts a new Wall Street bull amid its transformation (GME:NYSE)

StoneX launched Buy coverage on GameStop, citing its profitable turnaround, collectibles growth, and upcoming catalysts.

GameStop (NYSE: GME) Operating Income More Than Doubles As Wall Street Begins Pricing In Collectibles Transformation

GameStop (NYSE: GME) posted a striking divergence in its most recent quarter, with operating income surging to $160.2 million from just $66.4 million a year earlier, even as total revenue declined 18.7%. The driver behind that profitability leap is a business most investors once overlooked: collectibles, which generated $356.3 million in revenue during the second quarter, a 56.5% year-over-year increase. That single category now accounts for rou…

GameStop Stock Edges Higher as StoneX Starts Coverage With Buy Rating and $33 Target on Cohen's Turnaround

GameStop shares edged higher after StoneX initiated coverage with a buy rating and US$33 price target, while investors continued to assess the company's eBay bid and turnaround strategy.

StoneX Opens GameStop Coverage With Buy Rating on Turnaround

Analyst Mike Hickey highlighted his view that Ryan Cohen has rebuilt the retailer’s earnings base.