GameStop Corp.’s stock has stabilized near $24 in late February 2026, closing at $23.92 on February 25 after a modest 0.63% gain, as renewed retail investor enthusiasm and CEO Ryan Cohen’s comments on pursuing transformative acquisitions keep the meme stock in focus despite ongoing challenges in the core retail business.

As of February 25, 2026, GameStop (NYSE: GME) traded in a session range of $23.71 to $24.11 with volume around 800,000 to several million shares across recent days. The shares have risen about 15% year-to-date in 2026, recovering from earlier weakness and trading well above 2025 lows near $20 but far below the all-time highs from the 2021 squeeze. Market capitalization hovers around $10.6 billion to $10.7 billion.

The recent uptick reflects a mix of retail momentum and strategic commentary from Cohen. In January 2026 interviews and filings, Cohen outlined ambitions for a “very big” acquisition of a publicly traded consumer company that could dramatically reshape GameStop’s profile and potentially increase its value significantly. Reports suggested a deal could target a consumer megadeal worth billions, positioning GameStop as a holding company with stronger growth prospects beyond declining physical game sales. A social media post in February declaring “We’ll take a million” further sparked speculation among retail traders about bold moves or share repurchases.

GameStop’s cash position—bolstered by prior equity raises—provides flexibility for such pursuits. The company holds billions in cash equivalents, enabling potential transformative investments while core operations face structural pressures. Revenue continues to trend lower due to digital game distribution shifts, with Q3 2025 (fiscal third quarter ended October 2025) showing $821 million, down 4.57% year-over-year. Profitability has improved through aggressive cost controls, including store closures—GameStop is expected to shutter around 470 locations by early 2026—and a focus on higher-margin segments like collectibles and partnerships.

Recent developments include insider activity supporting confidence. CEO Ryan Cohen purchased 1 million shares in prior periods for over $21 million, with additional buys from executives and directors in January and February 2026. Institutional moves show mixed signals, with some additions and reductions, but retail forums and options activity remain elevated. A February social media post hinting at ambitious targets ignited discussions about potential mergers or buybacks.

Analysts debate valuation amid the narrative shift from meme volatility to capital allocation play. Consensus leans cautious, with average 12-month price targets around $13.50 to $15, implying downside from current levels and reflecting skepticism about sustainable profitability. Some models suggest intrinsic value as low as $11.91, while optimistic retail-driven estimates reach $220, highlighting the wide gap between fundamental views and speculative enthusiasm. P/E ratios sit elevated at around 25-28x recent earnings, with forward guidance tied to cost discipline and any acquisition success.

GameStop’s next earnings report, for fiscal Q4 2025 (ended January 2026), is expected March 24, 2026, before market open, with a conference call the following day. Traders anticipate updates on holiday sales, store optimization, cash deployment, and progress toward Cohen’s strategic goals. Positive surprises on margins or deal announcements could extend gains; continued revenue softness might pressure shares.

The company has explored partnerships, including with Cineverse for film promotions and PSA for collectibles grading, diversifying beyond traditional gaming retail. However, core challenges persist: declining foot traffic in brick-and-mortar stores, competition from digital platforms, and a shrinking physical game market. Analysts note GameStop’s evolution into a cash-rich entity with acquisition potential, but execution risks remain high in a competitive consumer landscape.

Retail sentiment on platforms like Reddit and X continues to drive volatility, with “diamond hands” holders emphasizing long-term bets on Cohen’s vision. Institutional coverage remains limited, with some firms maintaining Sell or Reduce ratings due to structural headwinds in retail gaming.

GameStop’s trajectory in 2026 hinges on balancing legacy operations with bold strategic moves. Cohen’s acquisition focus and the company’s cash hoard offer upside potential if a transformative deal materializes, while retail enthusiasm could sustain momentum. As earnings approach, investors watch for signs of progress beyond meme status toward a redefined business model.

MTU Aero Engines MTX 1.10%increase; green up pointing triangle shares fell after the German aircraft-engine manufacturer gave cash-flow and earnings guidance for 2026 that, at the midpoint of its ranges, came in slightly below consensus expectations.

Shares in MTU were down 7.7% in European afternoon trading, reducing the stock’s year-to-date gain to 3.3%.

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ET Intelligence Group: The imposition of countervailing duty (CVD) by the US Department of Commerce on solar modules from India is set to impact not just exporters but also companies focusing on the domestic market. With the viability of US-bound shipments now uncertain due to a CVD of 125.87%, exporters are likely to redirect unsold inventory to the Indian market. According to analysts, this may bring down module prices and affect realisations.

“Companies with minimal or no exports to the US will also be impacted by CVD. They face indirect risk, if export volumes from peers are redirected to India. Increased domestic supply could pressure module realisations,” Sweta Jain, research analyst, Anand Rathi Institutional Equities told ET. Indian exports may also look at other alternative markets in Africa or the Middle East and North Africa region, she added.

Companies rely on the US due to higher realisations. Imposition of CVD will wipe out the price advantage that previously allowed Indian manufacturers to earn superior margins.

Waaree Energies tried to soothe investors’ nerves by saying the company’s exports will not be impacted by CVD. “The company has been progressively strengthening its US-based manufacturing footprint as part of its long-term strategy to support localized production,” Waaree Energies said in a statement communicated to stock exchanges on Wednesday. It has an aggregate US module manufacturing capacity of approximately 2.6 GW, which will be expanded to approximately 4.2 GW by the end of the current financial year. It had a total installed capacity of 23 GW at the end of December 2025.
The stock of Waaree Energies fell 10.5%, the sharpest among peers, to ₹2,709 on BSE. Shares of Vikram Solar and Premier Energies dropped 5.5% and 6.3%, respectively.

Additionally, companies catering to solar firms also took beating. Solex Energy, maker of solar photovoltaic (PV) modules and EPC services provider for solar projects, plunged 8% while Waaree Renewable Technologies fell 3% on Wednesday.
The CVD has also eroded the future revenue visibility of Indian manufacturers that view the US as a key market for diversification and higher-margin exports. Companies that plan to increase their US exposure, invest in export-oriented capacity, or secure long-term supply contracts will now find those strategies commercially unviable under the steep duty regime. Investors will keenly watch further developments and any fruitful negotiations with the US government resulting in partial or full roll back of duties would offer a major relief.