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.
Electronic Arts
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The company's guidance calls for a 6 percent decrease in total revenue to $1.08 billion, which matches the analyst's expectations. However, the company increase its full-year fiscal 2017 guidance slightly higher due to higher digital revenue and a stronger than expected launch of "Battlefield 1."
Shares of Electronic Arts remain Overweight rated with an unchanged $89 price target.
Activision Blizzard
Activision Blizzard, Inc. (NASDAQ: ATVI) (reporting November 4) is expected to deliver a strong third-quarter earnings print despite NPD data showing a 38 percent year-over-year decrease in revenue in the Activision segment due to the move of "Skylanders" toward an October launch instead of September.
The analyst is expecting a 76 percent increase in revenue from the Blizzard segment due to the launch of a "Wow Legion" expansion.
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Olson is expecting management to boost its fiscal 2016 guidance modestly based on a conservative outlook for "Overwatch" digital content sales and limited synergies from its King Digital acquisition.
The analyst also believes Activision is on track to generate $1 billion in incremental revenue by 2020 through King advertising, eSports and consumer products and content.
Shares of Activision Blizzard remain Overweight rated with an unchanged $51 price target.
Take Two Interactive
The analyst's bullish stance on the video sector extends to Take-Two Interactive Software, Inc. (NASDAQ: TTWO).
In a research report on Monday, Olson reiterated an Overweight rating and $51 price target after the company released its first RDR2 trailer.
The analyst believes that interest in "RDR 2 "ranks "among the best selling titles of the past few years" given the 4.4 million trailer views in a day.
The trailer's release also offers investors much needed visibility into its 3–4-year outlook.
At Last Check ...
- Activision was up 1.91 percent at $45.39.
- Electronic Arts was up 1.43 percent at $84.06.
- Take-Two was up 1.77 percent at $45.78.
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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.