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[GameSpot] - Activision Blizzard Stock Price Hits A 37-Year High Amid Ongoing COVID-19 Pandemic


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Activision Blizzard, like many other gaming publishers, is riding high right now thanks in part to the COVID-19 pandemic that's keeping people at home playing more games and spending more on them. As The Wall Street Journal noticed, the company's share price recently exceeded more than $95 per share, which is the highest value for the firm since 1984.

MKM Partners, a research firm, recently raised its revenue and earnings-per-share guidance for Activision Blizzard. The firm also raised its price target up to $105 per share.

One of Activision Blizzard's biggest success stories in 2020 was the free-to-play battle royale game Call of Duty: Warzone, which has generated many millions of dollars from microtransactions. The newest Call of Duty game, Black Ops Cold War, also had a strong year in 2020, as the game was the overall top-selling title of the year in the US.

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