GameStop Stock Pops With Bitcoin Now Part of Its Investment Policy
1. GameStop added Bitcoin to its corporate investment strategy, boosting shares by 14%. 2. The retailer reported declining revenue but improved profit during cost-cutting efforts. 3. Wedbush analysts raised their price target to $11.50 but remain bearish overall. 4. GameStop's shares have risen nearly 90% over the past year despite ongoing challenges. 5. Analysts note GameStop's operations contain some value, but valuation remains questionable.