GameStop Stock News

Analysts at Wedbush have boosted their price target on GameStop Corp (NYSE:GME) after the video game retailer unveiled the pricing of its offering of $1.3 billion convertible senior notes. The company said the conversion rate to the notes will initially be 33.4970 shares of Class A common stock per $1,000 principal amount of such notes.

Management is betting perhaps that the Trump administration's love of the digital coin on top of crypto speculation will help more people forget the vicissitudes of its real business, and shares would fly.

GameStop said it expects to close a “significant number” of stores in fiscal 2025 after closing 970 stores in fiscal 2024.

Shares of GameStop fell more than 15% on Thursday after the company's plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business.

GRAPEVINE, Texas, March 27, 2025 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop”), today announced the pricing of $1.3 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (...

"Why did (GameStop) wait so long if they were going to go down this road? Six months ago, nine months ago would have made a lot more sense," an analyst said.

GameStop Corp.'s Q4 2024 results showed a revenue drop but improved profitability, driven by higher margins and significant interest income from cash reserves. Despite the positive earnings, I maintain a "sell" rating due to the company's ongoing revenue decline and expensive valuation compared to historical levels. The move into Bitcoin and collectibles offers potential, but past missteps and ...

Shares of GameStop fell more than 15% on Thursday after the company's plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business.