GameStop (NYSE:GME) holds close to cash levels after company guides for $600 million in EBITDA
GameStop Corp. ended the week facing a new market test. Shares now trade less like a typical meme stock and more like a leveraged play on its cash pile, a raised profit outlook and Ryan Cohen’s attempt to buy eBay Inc.. GameStop shares ended Friday at $21.76, gaining 75 cents, or 3.57%. The stock climbed again in late trading, up 1.96% to $22.187 after the company said it’s targeting adjusted EBITDA above $600 million for the fiscal year ending Jan. 30, 2027. That’s up from $345.4 million for fiscal 2025.