NEW YORK, NY / ACCESSWIRE / January 8, 2018 / Shares of video game companies Activision and Electronic Arts both saw gains this past Friday. Activision took the No.1 spot again with its game Call of Duty WWII as the number one top selling console video game in North America. Electronic Arts was recently given some optimistic remarks by a WedBush Securities analyst who reiterated an "outperform" rating on the stock.

RDI Initiates Coverage on:

Activision Blizzard, Inc.
https://rdinvesting.com/news/?ticker=ATVI

Electronic Arts Inc.
https://rdinvesting.com/news/?ticker=EA

Activision Blizzard, Inc. shares closed up 2.64% on nearly 5 million shares traded on Friday. The company has landed in the No. 1 and No.2 spots when it comes to top selling console video games in North America in 2017. Based on revenues, Call of Duty WWII is No. 1 on the list. The game has already made more than $1 billion in sales worldwide since it launched in November. The Call of Duty series has been the No. 1 top selling console video game franchise for nine years. CEO of Activision, Eric Hirschberg commented, "Call of Duty: WWII is the #1 top grossing console game of the year in North America, and Destiny 2 is #2." He also said, " That means Call of Duty has been the #1 top grossing console gaming franchise in North America for a staggering nine years in a row, and worldwide eight out of the last nine years. Thank you to our players for your incredible passion and engagement. And thank you to our talented, committed teams all across the globe that make incredible results like this happen." Based on units, Destiny 2 also had the biggest PC launch in Activision Publishing history.

Access RDI's Activision Blizzard, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ATVI

Electronic Arts Inc. shares closed up 4.85% on almost 6 million shares this past Friday. Recently Wall Street firm Wedbush Securities has reiterated an "outperform" rating on the stock. Analyst Michael Pachter had said last week that "the sell-off in recent weeks appears overdone." He wrote in a note to clients that "Although Star Wars Battlefront II had a weaker-than-expected debut in terms of its domestic physical sell-through, we believe that the loyalty of the Star Wars fan base, the game's appeal as a holiday gift, and the release of Star Wars: The Last Jedi on December 15 will result in sales of the game bouncing back in the December retail month." The analyst has a $136 price target on the stock. He also remarked, "The initial catalyst was weaker-than-expected Q3:18 guidance, which suggested sagging expectations for Star Wars Battlefront II. Downward pressure was exacerbated by criticism of the title's MTX model, which EA pulled before launch, as well as a broader sector sell-off."

Access RDI's Electronic Arts Inc. Research Report at:
https://rdinvesting.com/news/?ticker=EA

Our Actionable Research on Activision Blizzard, Inc. (NASDAQ: ATVI) and Electronic Arts Inc. (NASDAQ: EA) can be downloaded free of charge at Research Driven Investing.

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