Shares of Activision Blizzard Inc. (ATVI) are up 2.2% in Tuesday morning trading after G.research began coverage with a buy rating and private-market value of $62. "Activision Blizzard is best positioned to benefit from the growth of e-sports, mobile gaming, the digital revenue shift and the rise of the Chinese games market," analyst Alec Boccanfuso wrote in a note to clients. "We expect Activision Blizzard to continue be a consolidator in the industry and that the strong management team will be at the forefront of future trends and growth opportunities." He's upbeat about opportunities in advertising for the company's mobile games. Activision shares have fallen 25% so far this year, while the S&P 500 has risen 3.8%.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 04, 2018 10:03 ET (15:03 GMT)
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