NEW YORK (TheStreet) -- The global gaming landscape is expected to see expansive growth in 2012, according to a survey of 1,150 gaming professionals at the Global Gaming Expo show. The $60 billion global video game marketplace recorded a 1% surge in its October retail video game sales to $1.08 billion after a consecutive five-month decline, following new game releases. About seven of the top 10 games in the month sold 23% more than the top 10 games released in October 2010.
The gaming industry is expected to grow at an average 13.7% CAGR for the period 2011 to 2016, a PR Newswire report says. Further, a Pyramid Research report sees the global mobile gaming market growing at 16.6% to $18 billion in 2014, driven by the significant increase in mobile subscriptions.
|Of the 25 analysts covering Electronic Arts, 48% recommend a buy and 40% rate a hold.|
Based on latest quarterly results and analysts' buy, hold recommendations, these five online gaming stocks have potential upsides ranging from 17% to 83%. On average, these stocks have buy recommendation of 63% and hold rating of 28%, based on a Bloomberg consensus.
The stocks are listed in ascending order of upside potential.
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