US EditionWedbush: GameStop’s Stock Surge Defies Fundamentals - Wall Street Pit
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Wedbush: GameStop’s Stock Surge Defies Fundamentals - Wall Street Pit
GameStop Corp. (GME) acquired 4,710 Bitcoin (BTC) for $500 million, but Wedbush’s Michael Pachter maintains an “Underperform” rating with a $13.50 price target, citing a valuation 2.4 times its cash value. Compared to Michael Saylor's Strategy (MSTR), which holds 580,250 BTC and trades at 1.75 times its Bitcoin holdings, GameStop’s…
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