Game development has boomed due to the pandemic. Sales rose by thirty percent in the second quarter of 2020, bringing in $11.6 billion. Jefferies raised the price target for Electronic Arts to $165. Analysts see street assets and growth catalysts as undervalued. There’s speculation that EA’s upcoming release of Battlefield will benefit EA. Activision Blizzard is expected to benefit from the new, related products and services. Games by Blizzard include “Diablo 4” and “Overwatch 2”. Nearly 665 million players spent over 278 billion yuan (yuan) on video games in China in 2020. Mobile games will command over 75% of the gaming revenue market in 2020. Tech firms like Amazon and Facebook are increasing investment in video game streaming.
Insider Monkey gives a list of the 12 best video game stocks to invest in now. North America’s largest video and eSports media platform is Enthusiast Gaming Inc. Direct sales increased by 230% to $.3 million from Q3. 60% growth in paid subscribers. National and state lotteries use NeoGames as their leader in-house lottery system and service vendor. Glu Mobile is a game maker that focuses on the development and publishing of games for cell phones and tablets. In the first quarter of 2021, Skillz reported revenue of $80 million. Cathie Wood’s ARK is an investor in the company. ARK Invest recently bought 3800 shares of Skillz for its famous ARK Innovation Fund. The Playtika Corporation runs the Playtika Boost platform. Several games that use U.S.-based proprietary technology are available. Zynga is a game developer of social media. This stock has an Outperform rating from BMO and a price target of $15. According to Johnson, the video gaming industry is growing fast on mobile devices. Roblox Corporation is headquartered in the U.S. in San Mateo, California. The Roblox brand is the company’s top project. Bank of America calls it the common mobile investment. More details are in the article The 12 Best Video Game Stocks to Invest in Now.
