GameStop (GME) is trading around $25.31, just above its pivot point, after recent brokerage coverage and a second-quarter update that showed record Q2 operating income and a raised full-year adjust...

GameStop (GME) is trying to hold a constructive post-earnings footing while new analyst coverage keeps the name in focus. StoneX began coverage with a Buy rating and a $33 target, citing Ryan Cohen’s cost-cutting and turnaround work; the company’s second-quarter update also gave bulls a hard number to lean on, with operating income of $160.2 million, the highest second-quarter operating income in GameStop’s history, and a raised fiscal 2026 adjusted EBITDA outlook to more than $650 million. That combination matters because it shifts the debate away from pure meme-stock volatility and toward whether the company can keep translating a leaner cost base into sustainable profitability. The same earnings release said collectibles net sales rose 57% year over year to $356.3 million and accounted for 45.1% of net sales, while cash, cash equivalents, marketable securities, digital assets and related receivables stood at $5.4 billion, alongside a $4.9 billion investment in eBay common stock as of August 1, 2026. citeturn0search0turn0search1turn0search3

The market setup is still a compression trade. 67. 52, respectively, which is consistent with an early recovery structure. 14 is close enough to reinforce the idea that the stock is trying to stabilize rather than trend aggressively. 05, so the tape still needs follow-through before the recent bounce can be treated as a real breakout.

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