NEW YORK (TheStreet) -- Activision Blizzard (ATVI) shares are up 0.77% to $24.73 in trading on Tuesday during the second day of the Electronic Entertainment Expo in Los Angeles this week.
Last year over 50,000 people attended the trade show at which gaming and entertainment companies whet the appetite of some of their most loyal followers by showcasing the most anticipated products in their pipelines.
Blizzard is expected to present an expansion to Starcraft, one of its most popular online offerings entitled 'Starcraft 2: Legacy of the Void'.
"Activision will probably have the best E3 out of those three," Asif Khan, CEO of video game review website shacknews.com, said, according to Benzinga. "They'll have the best showing. People like the 'Black Ops' series and that's what we're getting - 'Call of Duty: Black Ops 3.' In that world, I think [it's] Activision with EA (EA) closely behind."
TheStreet Ratings team rates ACTIVISION BLIZZARD INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACTIVISION BLIZZARD INC (ATVI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."