Activision Blizzard Shows Investors the Power of Franchises
Video game maker Activision Blizzard (NASDAQ: ATVI) really took things to a new level in its recent third quarter results. Revenue and earnings each significantly beat guidance, leading the company to raise its full-year forecast.
Investors are getting used to Activision knocking it out of the park, with this now marking the seventh straight quarter that they've exceeded expectations. And there's a powerful reason that we should expect the trend of outperformance to continue even further, which is the company's strong franchises.
Activision's franchises. Source: ATVI investor presentation.
Source: Fool.com
Activision Blizzard Inc. Stock
€89.70
0.670%
Currently there is a rather positive sentiment for Activision Blizzard Inc. with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 89 € is below the current price of 89.7 € for Activision Blizzard Inc., so the potential is actually -0.78%.
