Shares of Activision Blizzard, Inc. rallied to a new 52-week high of $81.64, eventually closing a bit lower at $81.50 on Jul 13. The company has a market cap of $62.03 billion and a long-term earnings growth of 15.41%.
Notably, shares of Activision have been witnessing an upside, appreciating 28.7% in the year-to-date period compared with the industry’s rally of 27.7%.
Popular Franchises Drive Growth
Activision is riding on the growing popularity of its Overwatch e-sports league. Notably, Overwatch league had a scintillating start with more than 10 million viewers watching the event in the first week of the inaugural season. We note that the launch of Overwatch league is driving viewership, corporate sponsorships and media coverage for Activision.
The company’s recent announcement of signing a multi-year deal with Disney to broadcast the league live on ESPN, as well as on ABC, is expected to give it a further boost.
Moreover, Activision’s enviable popularity in the video game publishing sector which is driven by its well-known franchises continues to boost its top-line. Call of Duty is one of the biggest revenue generators for the company. King Digital’s highly popular Candy Crush also continues to rake in significant revenues for the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of Activision Blizzard, Inc. rallied to a new 52-week high of $81.64, eventually closing a bit lower at $81.50 on Jul 13. The company has a market cap of $62.03 billion and a long-term earnings growth of 15.41%.
Notably, shares of Activision have been witnessing an upside, appreciating 28.7% in the year-to-date period compared with the industry’s rally of 27.7%.
Popular Franchises Drive Growth
Activision is riding on the growing popularity of its Overwatch e-sports league. Notably, Overwatch league had a scintillating start with more than 10 million viewers watching the event in the first week of the inaugural season. We note that the launch of Overwatch league is driving viewership, corporate sponsorships and media coverage for Activision.
The company’s recent announcement of signing a multi-year deal with Disney to broadcast the league live on ESPN, as well as on ABC, is expected to give it a further boost.
Moreover, Activision’s enviable popularity in the video game publishing sector which is driven by its well-known franchises continues to boost its top-line. Call of Duty is one of the biggest revenue generators for the company. King Digital’s highly popular Candy Crush also continues to rake in significant revenues for the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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