Is Activision Blizzard Still A Buy?

Is Activision Blizzard Still A Buy?

Activision Blizzard (NASDAQ: ATVI) stock grew 13.6% from $59 in the beginning of this year to $67 as of April 24, compared to over a 10% decline for the broader S&P 500.. While Activision Blizzard stock has outperformed the broader markets, we believe there is still an upside potential of around 10% from the current levels.. The situation has so far been good for gaming companies, evident from the stock price movement vis-a-vis broader markets.. While the trend is favorable for most of the gaming companies, the question arises what's special about Activision Blizzard stock, and the short answer to that is Call of Duty.. Despite the concerns, the outperformance of Activision Blizzard stock is noteworthy.. We believe Activision Blizzard's Q1 results in May will confirm the trend in revenues.. Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price..