When it comes to investing in the gaming industry, it doesn’t take a genius to see the potential value in certain stocks. That’s the sentiment shared by B. Riley analyst Eric Wold, who recently identified three gaming stocks as strong buys. These companies have shown resilience and growth potential in a rapidly evolving industry.
The first stock on Wold’s radar is Activision Blizzard (ATVI). This video game publisher is known for popular titles such as Call of Duty, World of Warcraft, and Overwatch. Despite facing challenges from increased competition and changing consumer preferences, Activision Blizzard has continued to deliver strong financial results. The company has a solid pipeline of new games and expansions that are sure to attract new players and keep existing fans engaged.
Another gaming stock that Wold recommends is Take-Two Interactive Software (TTWO). This company is behind the hugely successful Grand Theft Auto and Red Dead Redemption franchises. Take-Two has a strong track record of developing high-quality games that resonate with players around the world. With the upcoming release of new titles and expansions, Take-Two is well-positioned for future growth.
The third stock that Wold sees as a strong buy is Electronic Arts (EA). This video game publisher is responsible for popular games like Madden NFL, FIFA, and The Sims. Electronic Arts has a large and loyal fan base, which has helped drive consistent revenue growth. The company is also investing in new technologies like cloud gaming and esports to expand its reach and stay ahead of the competition.
Overall, Wold believes that these three gaming stocks have the potential to deliver strong returns for investors. While the industry is competitive and constantly evolving, companies like Activision Blizzard, Take-Two Interactive Software, and Electronic Arts have shown that they have what it takes to succeed in the long run. Investors who are looking to capitalize on the growing popularity of video games should consider adding these stocks to their portfolios. As Wold puts it, “It doesn’t take a genius to see the value in these companies.”
