Markets Insider
Goldman Sachs video game analyst Michael Ng's favorite stock right now is gaming company, Activision Blizzard.
It's on Goldman's Americas Conviction list, which represents his department's best ideas.
"We think that Activision's earnings power is underappreciated by the market and should benefit from a strong pipeline of new games, the expansion on to new platforms – whether that's on mobile or something else – and through new business models, whether that's free to play or subscription."
Ng and his team first upgraded Activision Blizzard in May 2019. "It's been a great call and we continue to like it here," he said.