Study: $56.6 Billion Was Spent on Video Games in 2022. Here Are 3 Gaming Stocks on the Rise.
Playing video games has become a mainstream form of entertainment for millions of Americans. Players in the U.S. spent $56 billion on games in 2022, according to the NPD Group, and the figure is much larger when considering worldwide markets. Industry specialist Newzoo estimates that the global revenue from games will be $184 billion in 2023.
The industry has been growing for the last 50 years. It's an attractive market in which to find overlooked growth stocks that might be undervalued.
Its prospects even led to spend $68 billion to keep one of the leading game companies, Activision Blizzard, all to itself. Microsoft's acquisition shows that owning shares of top game producers could be a rewarding move in the next decade.
Source Fool.com
Microsoft Corp. Stock
€395.80
1.020%
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 6.11% for Microsoft Corp. compared to the current price of 395.8 €.
