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]