Activision Blizzard raised its 2021 guidance
If the price jumps above $100, the next target could be around $110
Activision Blizzard (NASDAQ: ATVI) shares have advanced more than 3.6% this Tuesday, and the current share price stands around $92.6. Wall Street remains bullish on this stock as it sees Activision Blizzard well-positioned for success in 2021 and, more importantly, beyond.
Fundamental analysis: Wall Street remains bullish on Activision Blizzard
Activision Blizzard, Inc. is an American video game holding company with five business units: Activision Publishing, Blizzard Entertainment, King, Major League Gaming, and Activision Blizzard Studios. Activision Blizzard shares continue to trade above the $90 support level after the company reported better than expected Q4 results.
Gold members dominate Xbox LIVE
Dec 1, 2010 17:12 EST · Hot! with 65 comments Microsoft today announced that over 10 million of their Xbox LIVE subscribers are signed up to the Gold service. Microsoft currently has an Xbox LIVE user base of around 25 million subscribers, and with nearly half of them now paying for the service, Microsoft appears to have hit a gold mine. According to IGN, Microsoft’s Dennis Durkin, head of Interactive Entertainment Business, spoke at the Credit Suisse Annual Technology Conference in Phoenix Arizona earlier today. At the conference he made mention that almost half of their 25 million members are now paying Microsoft $60 a year to be a part of the Xbox LIVE Gold service. If that many users are paying for the service, Microsoft’s yearly revenue will be around $750 Million, not including all purchases that players make using DLC and games on their Xbox’s.
Source: Blizzard Entertainment
April 9, 2021 at 7 a.m. PT to
April 12, 2021 at 10 a.m. PT. This gives invited players from Friday to Monday to see what s happening in the remade world of Diablo 2.
This is apparently only the first of a number of tests planned for the game. It will provide singleplayer action spread out over the game s first two acts (Rogue Encampment and Lut Gholein). The Amazon, Sorceress, and Barbarian will be playable. There s no level cap, so players will technically be able to grind as long as they want.
Blizzard has laid out a few reminders as we head into the test weekend. Your characters and progress won t be carried over to the full game, original cinematics are still being used, you can use a controller on PC (though support is still in progress), and all content can be shared. This is a PC-only test.
Author Bio
John covers consumer goods and technology companies for Fool.com.
Activision Blizzard (NASDAQ:ATVI) just crossed $8 billion in annual revenue for the first time in company history. But after posting revenue growth of 25% last year, the company will face difficult year-over-year growth comparisons in 2021. Early full-year guidance calls for a very small increase in revenue.
During the fourth-quarter conference call last week, management shared its thoughts about business trends during the pandemic. While management credited the pandemic for driving an initial spike in engagement, they talked mostly about execution for driving growth last year. The evidence suggests they are right.