>>8954923 Q pb

FORBES Apr 28, 2020, 08:30am EDT

Is Activision Blizzard Still A Buy?

Activision Blizzard… stock has outperformed the broader markets, we believe there is still an upside potential of around 10% from the current levels. Why is that? Activision Blizzard, along with other gaming companies, could see higher sales, given that more people are confined to their homes, and the average time spent on gaming is on a rise over the recent months…

…The global spread of coronavirus has led to lockdown in various cities across the globe, which has affected industrial and economic activity, and people are confined to their homes. This situation has so far been good for gaming companies, evident from the stock price movement vis-a-vis broader markets. In fact, there has been over a 70% surge in video game usage during peak hours…

…Despite- concerns, the outperformance of Activision Blizzard stock is noteworthy. We believe Activision Blizzard’s Q1 results in May will confirm the trend in revenues. -end

https://www.forbes.com/sites/greatspeculations/2020/04/28/is-activision-blizzard-still-a-buy/