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A $100 Billion Reason to Buy GameStop Stock Today
Yahoo Finance· 2026-01-07 21:04
Core Insights - GameStop shares increased by up to 7% following the announcement of a performance-based pay plan for CEO Ryan Cohen, which is contingent on significant growth in market capitalization and EBITDA by 2035 [1][3] - The pay plan requires GameStop's market cap to reach $100 billion, a substantial increase from its peak market cap of approximately $34 billion in 2021 [3][4] - Investors reacted positively to the announcement, indicating confidence in Cohen's ability to revitalize the company, which has been perceived as struggling [4] Financial Performance - GameStop reported a net income of $77 million in its latest quarter, driven by expansion into high-margin categories such as collectibles [5] - The company's pivot towards cryptocurrency may also contribute to potential growth, especially if Bitcoin experiences a rebound [5] Market Sentiment and Predictions - Options data suggests a bullish sentiment, with the upper bound for derivatives contracts set at about $26, indicating a potential rally of up to 23% over the next five months [6] - Despite the positive developments, GameStop's stock lacks coverage from Wall Street analysts, which may limit institutional interest and liquidity [7][8] - The absence of professional guidance could lead to increased volatility and speculation surrounding GameStop shares [8]
Metaplanet’s Revenue Surges 1,700% YoY but Tokyo Exchange Eyes Crackdown on Crypto Stocks
Yahoo Finance· 2025-11-13 10:05
Japan’s biggest Bitcoin-holding company, Metaplanet Inc, has reported a massive profit surge for the third quarter. This comes as the Tokyo Stock Exchange (TSE) considers stricter oversight of firms heavily invested in cryptocurrencies. According to the Metaplanet’s financial results for Q3 2025, the revenue jumped 1,700% year-over-year, reaching 4.3 billion yen. Its net profit surged to 13.5 billion yen, a sharp increase from a 321 million yen loss in the same period last year. After shifting from hotel ...