Ben-DutkaIf you're looking to get into the stock market, you might want to take an educated chance on Activision Blizzard.
According to Reuters citing Barron's, the game publishing kingpin could see a 50% rise in the price of its stock.
Activision shares are currently down about 10% this year and are trading at around the $11.25 mark, but that could rise significantly "due to new products and improved cost-cutting." One BMO Capital markets analyst now predicts the stock will hit $17. For the record, the publisher is debt-free and they repurchased shares in the first half of this year; the company also formed a partnership with Tencent Holdings, China's largest Internet provider, to bring a Call of Duty online iteration to market. It's expected to be quite popular.
The 10% fall in stock price this year has been attributed to a general slowdown in demand for packaged video games for use with traditional game consoles. The digital age is coming fast, after all.
