Positive
Seeking Alpha
1 month ago
It's Game On For GameStop (Upgrade)
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.