Will Activision Blizzard (ATVI) Stock Benefit From Competition's Delays?

NEW YORK (TheStreet) -- Activision Blizzard Inc. (ATVI), the largest U.S. video game company, is heading into the holiday shopping season with two of the most anticipated shooter titles and less competition after rivals delayed their products, Bloomberg reports.

The company's new Destiny game and latest Call of Duty will be the top-selling action titles of the holiday season, according to Michael Hickey, a Benchmark Co. analyst.

Hickey upped his sales estimates after Electronic Arts  (EA) and Take-Two Interactive Software (TTWO) moved back competing titles to 2015 because their games need more work, Bloomberg said.

 

Shares of Activision Blizzard are down -0.22% to $22.76.

TheStreet Ratings team rates ACTIVISION BLIZZARD INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate ACTIVISION BLIZZARD INC (ATVI) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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