#1 - Activision Blizzard (NASDAQ:ATVI)
We’re coming up on the holidays. And that’s great news for investors in Activision Blizzard (NASDAQ:ATVI). The company is seeing growth in its Call of Duty franchise. Although Epic Games’ popular Fortnite remains the most popular shooter game, there is tangible evidence that Call of Duty is beginning to close that gap.
But Activision has more than Call of Duty in its quiver. The company also bought the company that created the addictive mobile phone game, Candy Crush. And with 5G smartphones and other mobile devices likely to be high on people’s wish list this year, it’s all the more reason to buy ATVI stock now.
In its last earnings report, Activision’s management called for an impressive 19.3% year-over-year net bookings. This was due to seeing its player base grow 30% on a YOY basis to be greater than 100 million monthly active players.
ATVI stock is up 33% in 2020 and looks to have a long runway as the holiday season approaches.
About Activision Blizzard
Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.
Read More - Current Price
- $94.42
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 16 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $94.73 (0.3% Upside)
