Where Will Activision Blizzard Be in 1 Year?
Activision Blizzard (NASDAQ: ATVI) is on track to have a good 2020, and the momentum from this year should be a stepping-stone to continued growth in 2021. Overall, Activision Blizzard will be depending heavily on continued momentum in the Call of Duty franchise for growth in 2020. Here's where that might take the company in 2021.
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Non-GAAP revenue and earnings are expected to increase by 5% and 13%, respectively, this year. The shares have been drifting higher, currently up 23% year to date, but still below the 2018 high. A valuation of 27 times earnings guidance for 2020 suggests investors are placing a premium on the company's ability to continue growing.
Source Fool.com
