Note from BoA Global Research on 11/23/2020:
"We continue to see ATVI as having the most compelling multi-year pipeline in the group with strong geographic and platform expansion. The next catalyst for the stock will be the launch of World of Warcraft expansion (Nov 27th) and we anticipate Call of Duty Mobile launch in China sometime early in 2021. We believe investors are already looking beyond 2020, and by speaking to 2021, ATVI addressed an overhang for the stock that we are heading into a down year light on content. Despite COVID comps, we still see reason for investors to anticipate EPS growth in 2021 driven by the Blizzard and CoD franchises."
"We continue to see ATVI as having the most compelling multi-year pipeline in the group with strong geographic and platform expansion. The next catalyst for the stock will be the launch of World of Warcraft expansion (Nov 27th) and we anticipate Call of Duty Mobile launch in China sometime early in 2021. We believe investors are already looking beyond 2020, and by speaking to 2021, ATVI addressed an overhang for the stock that we are heading into a down year light on content. Despite COVID comps, we still see reason for investors to anticipate EPS growth in 2021 driven by the Blizzard and CoD franchises."
