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ibtimes.com.au$GME

GameStop Stock Jumps Nearly 3% as Dan Ives Pitches AI Story Wall Street Has Not Priced Into Cohen's Retailer

GameStop (GME) shares rose 2.85% to $26.35 on Friday. Analyst Dan Ives from Wedbush Securities highlighted an overlooked AI opportunity in GameStop's collectibles business, maintaining a $32 price target. The company has been transforming under CEO Ryan Cohen, focusing on collectibles and cost cuts. GameStop's shares have been volatile, trading between $17.79 and $28.30 over the past year.

Original reporting
ibtimes.com.au
Published Nov 13, 2026, 3:37 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 13, 2026, 3:52 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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GameStop Stock Jumps Nearly 3% as Dan Ives Pitches AI Story Wall Street Has Not Priced Into Cohen's Retailer — source image
Source · ibtimes.com.au
Decision brief

The 30-second read

$GMEBullishHigh
01

Why it matters

The analyst's AI thesis could reignite investor enthusiasm, supporting further upside beyond the $32 target.

02

Market read

A fresh analyst upgrade with a high price target sparked a near‑3% intraday rally, offering a timely trading opportunity.

03

What to watch

Potential execution risk in monetizing AI within the collectibles business and broader market volatility.

Relevance 7/10Novelty 7/10Timing: pre-market today

Background

GameStop has been pivoting to collectibles and trading cards under Ryan Cohen, reporting record quarterly profit and a sizable eBay stake.

Company-level read

Ticker impact

$GMEBullishHigh confidence
Context

Dan Ives issued an Outperform rating with a $32 price target, prompting a 2.85% intraday rise in GME shares.

Expected impact

upward pressure as investors price in the AI thesis and higher target.

Evidence & confidence

The note is fresh, the stock moved up on the same day, and the price target is well above current levels, indicating a clear actionable catalyst.

Market effects

Sector

Highlights growing AI focus in retail and collectibles sector, may spur interest in similar niche players.

Regional

U.S. market, primarily affecting retail investors and tech‑focused funds.

Global

Limited to U.S. equities; no immediate global macro impact.

Counterpoint

What could challenge this read

Skeptics may argue the AI narrative is premature and that the valuation jump is speculative.

Key entities

  • Company
    GameStop Corp.

    Video game and collectibles retailer.

  • Analyst
    Dan Ives

    Wedbush Securities technology analyst.

Read at source← All news

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