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.