There is a wide range of industry classifications for listed companies that can select investment opportunities of their choice. Gaming is one such field in the world of investment that has achieved enough momentum. A new generation of gaming and related firms has flourished with the advancement of technology, with younger demographics on the rise worldwide.
Around the world, corporations are exploring innovative gaming concepts, developing new types of games to keep customers engaged, and making profits for themselves and their shareholders.
From cell phones to computers to PCs, Gaming companies are the latest betting destination for those who are bold enough to take a shot at the stocks of gaming companies.
How many of the wide range of stocks in the gaming industry produced the highest returns this year? Which of those in the long list of gaming stocks was among the winners?
Activision Blizzard Inc. (NASDAQ:ATVI) shares were trading up 2.16% at $90.37 at the time of writing on Friday.
Activision Blizzard Inc. (NASDAQ:ATVI) share price went from a low point around $50.51 to briefly over $89.35 in past 52 weeks, though shares have since pulled back to $90.37. ATVI market cap has remained high, hitting $68.37B at the time of writing, giving it price-to-sales ratio of more than 8.
If we look at the recent analyst rating ATVI, Deutsche Bank upgraded coverage on ATVI shares with a Buy rating and a $96.53 price target, which implies room for 6.16% upside momentum this year.
Bilibili Inc. (BILI) last closed at $84.68, in a 52-week range of $17.47 to $82.84. Analysts have a consensus price target of $66.51.
Electronic Arts Inc. (EA) stock soar by 1.97% to $142.61. The company on December 14, 2020 reported that it has reached an agreement with the Board of Codemasters for the recommended acquisition of Codemasters, the UK-based game developer and publisher. The most recent rating by JP Morgan, on December 16, 2020, is at a Neutral.
Glu Mobile Inc. (NASDAQ:GLUU) Shares headed falling, lower as much as -2.83%. The most recent rating by Goldman, on September 01, 2020, is at a Buy.
The9 Limited (NASDAQ:NCTY) rose 10.51% after gaining more than $0.33 on Friday. The company on November 20, 2020 revealed that it will hold its annual general meeting of shareholders at the 17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai 200080, People’s Republic of China on December 22, 2020 at 2:00 p.m., Shanghai time.
Sea Limited (SE) last closed at $200.35, in a 52-week range of $35.61 to $212.33. Analysts have a consensus price target of $202.94. The company on December 11, 2020 reported an upsize and pricing of offering of American Depositary Shares.
Take-Two Interactive Software Inc. (TTWO) stock soar by 3.03% to $203.39. The most recent rating by JP Morgan, on December 16, 2020, is at a Neutral.
Zynga Inc. (NASDAQ:ZNGA) Shares headed rising, higher as much as 3.43%. The game developer company recently declared pricing of offering of $762 million of convertible senior notes. The most recent rating by JP Morgan, on December 16, 2020, is at an Overweight.