Activision Blizzard: Wedbush adds stock to 'best ideas list'
(CercleFinance.com) - Wedbush Securities has added Activision Blizzard to its "best ideas list", saying that the US video game publisher is well positioned to deliver significant outperformance in 2019 and "outsized growth" in 2020.
In a note to clients, the broker cites "significant growth" for Call of Duty, a new World of Warcraft expansion and a frontline Blizzard release.
Wedbush - which has an "outperform" rating on the shares - said they could be worth up to 60 dollars.
The stock is currently up 3% at 46.9 dollars on the Nasdaq.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a note to clients, the broker cites "significant growth" for Call of Duty, a new World of Warcraft expansion and a frontline Blizzard release.
Wedbush - which has an "outperform" rating on the shares - said they could be worth up to 60 dollars.
The stock is currently up 3% at 46.9 dollars on the Nasdaq.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.