#1 - Activision Blizzard (NASDAQ:ATVI)
One of the best pure play video game stocks you can own is Activision Blizzard (NASDAQ:ATVI). Long before the world moved indoors, Activision had begun to shift its model towards digital downloads. This has made the company a cash flow machine, which is something that investors reward. As a result, ATVI stock has climbed over 50% in the last 18 months.
In addition to its attractive business model, Activision also has two of the most popular gaming franchises with multiplayer online games (MMO) including Call of Duty (which is an Activision title) and World of Warcraft (which is a Blizzard title). Through its merger with Vivendi Games, the company also owns the game maker King the company behind the Candy Crush Saga. This makes Activision a significant player in mobile gaming.
Activision is also a growing player in the esports market. The company has competitive leagues for its Overwatch and Call of Duty game franchises.
On June 9, 2020, Jefferies analyst Alexander Giaimo rated Activision stock as his top pick in the gaming sector. Giaimo also gave ATVI stock a price target of $80, which would move the stock approximately 10% above its current level.
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
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
