Is Activision Blizzard Stock a Buy?
Activision Blizzard (NASDAQ: ATVI) is emerging from a year in which a pandemic temporarily boosted interest in gaming. However, as gaming levels fall to near pre-pandemic levels, the spotlight falls back on management and the games themselves. The question for investors now hinges on whether this video game stock can maintain its long-term growth.
Activision Blizzard continues to prosper in the industry it helped to found in 1979. Its franchises such as World of Warcraft, Call of Duty, and Candy Crush maintain enduring popularity. At present, the company claims almost 400 million players. Grand View Research forecasts the video game market will grow at a compound annual growth rate (CAGR) of 13% through 2027, indicating that players' interest will likely continue to grow.
Image source: Getty Images
Source Fool.com
