GameStop (GME) has been in the spotlight since 2021, with Ryan Cohen taking over as CEO to revamp the company. Now, Cohen hints at a major purchase of a consumer company, aiming to make GameStop worth hundreds of billions. The stock currently has a market cap of $10.7 billion. While GameStop missed revenue expectations in Q3, it beat EPS predictions. Revenue dropped from last year, but net income improved significantly. GameStop sits on $8.8 billion in cash. Analysts are cautious on GME stock, given its meme stock status, but future plans could change that perception.

Read more at Barchart: What Company Is Ryan Cohen Eyeing for a GameStop Megadeal? And Should You Buy GME Stock Here?