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GameStop gives investors 1.6 billion reasons to care about the meme trade
GameStop gives investors 1.6 billion reasons to care about the meme trade

The "meme trade" has been one of the market's defining trades this year. And while some investors have chosen to ignore the action we've seen in shares of GameStop (GME) or AMC (AMC) amid a value rotation, rising bond yields, and a booming economy, these retail-driven trading frenzies are starting to reshape the fundamentals of these businesses. They're more than just a sideshow.

Exclusive: GameStop Completes At-The-Market Equity Offering Program
Exclusive: GameStop Completes At-The-Market Equity Offering Program

GRAPEVINE, Texas, June 22, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously announced “at-the-market” equity offering program (the “ATM Offering”).

GameStop Is Joining the Russell 1000, but AMC Isn’t. How It Affects the Stocks.
GameStop Is Joining the Russell 1000, but AMC Isn’t. How It Affects the Stocks.

The latest rally in meme stocks has given AMC Entertainment and GameStop the biggest and third-largest market capitalizations among companies in the Russell 2000 index of small companies. The Russell indexes' annual reconstitution is coming up next week, so investors have been wondering it the pair might graduate into the large-cap Russell 1000 .

Don't Ignore GameStop's Crazy Valuation, But Its Business Is Getting Better
Don't Ignore GameStop's Crazy Valuation, But Its Business Is Getting Better

Were traders on the WallStreetBets subreddit right about GameStop (NYSE:GME) after all?

Coinbase in partnership with WeWork On Crypto Transactions

Coinbase Global, together with BitPay, has partnered with WeWork to help the latter accept cryptocurrency for inbound and outbound transactions and will become the first WeWork member to pay for its WeWork membership in cryptocurrency.


Coinbase (COIN), which is the largest US cryptocurrency trading platform, will facilitate the payment of landlords and third party partners in cryptocurrencies.

The increased demand for flexible and easy-to-use payment solutions is reflected in Coinbase’s decision to pay WeWork in cryptocurrency.

WeWork CEO, Sandeep Mathrani commented, “WeWork has always been at the forefront of innovative technologies, finding new ways to support our members. It only makes sense for us to expand on the optionality we provide by adding cryptocurrency as an accepted form of payment for our members.” (See Coinbase stock analysis on TipRanks)

On April 20, Rosenblatt Securities analyst Sean Horgan initiated coverage on Coinbase with a Buy rating and a $450 price target (40.3% upside potential).

Horgan is bullish on long-term prospects of the stock “as it benefits from growing adoption and acceptance of cryptocurrency.”

At the same time, Horgan is more cautious on the stock in the short term as “the stock faces downside risk from a drawdown in the price of crypto.”

Horgan added, “Crypto has reached an inflection point on its road to legitimacy, and we see this as a long-term disruptive trend that is only in its early innings… as this ecosystem evolves and becomes more valuable, COIN is a way to capture the upside.”

Consensus among analysts is that Coinbase is a Strong Buy based on 5 unanimous Buys. The average analyst price target of $518.80 implies upside potential of approximately 59%.

Since its listing on April 14, Coinbase shares have corrected from $409.6 to around $310 at present.


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