Goldman Sachs mentions Overwatch 2

Chris Merwin, financial advisor on Goldman Sachs has mentioned Overwatch 2 as part of his note to clients. The investment banking advisory bank has sought to guide investors to invest more in Activision Blizzard as part of their note to the clients. This comes from positive growth for the company as well as a bright future which has seen titles lined up for the upcoming years.

“We believe the recent sell-off in Video Game stocks has largely been due to technical factors relating to positioning around tax reform, and does not reflect any change in fundamentals for the group. We therefore see attractive entry points across our coverage, particularly for ATVI. We are raising our 2019 and 2020 estimates on account of a robust multi year pipeline of games – Diablo, Overwatch 2, and a Blizzard mobile title – which we don’t think Street estimates are fully taking into account.”

 

Source : Unikrn