Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Evan Wilson of Pacific Crest attended GameStop Corp. (NYSE: GME) exposition on Wednesday in which he observed "plenty of buzz and excitement" around the upcoming video game release slate.
Wilson said that the exposition reinforced his prior thesis that 2015 will be the year when physical software growth will return to growth for the first time since 2008. As such, the analyst suggested that the GameStop is "the most undervalued name" in the video game space and should benefit from "strong" industry conditions for physical releases.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Wilson also discussed Activision Blizzard, Inc. (NASDAQ: ATVI), noting that he came away "more positive" given "strong interest" in "Destiny: The Taken King." The analyst added that the game has "clearly" overcome initial review concerns surrounding quality while interest in playing the game at the show was "high" even if it is just an expansion. On the other hand, "Call of Duty: Black Ops III" was "relatively in-line" with what was expected while next year's "Overwatch" has "some work to do" to gain consumer interest.
Related Link: Wedbush's August Video Game Industry Summary
Moving to Electronic Arts Inc. (NASDAQ: EA), Wilson observed "Star Wars Battlefront" had the "biggest" line and total number of gamers playing. The analyst did however note that even though the game is clearly setting up to be the biggest non-annualized game of the holiday, he struggles to see potential upside to the 15 million to 20 million unit "whisper" number sales projection.
Finally, "there was little interest" in Take-Two Interactive Software (NASDAQ: TTWO)'s slate of "Battleborn," "NBA 2K16" and "WWE." With that said, the analyst argued that since there exists "such high expectations" for next year's release slate, investors should look elsewhere until there is further clarity and confirmation of a Rockstar game.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.