Activision Stock Is Too Cheap: Analysts. They Expect Sale to Microsoft to Close.

By March 31, 202312 views

Activision Stock Is Too Cheap: Analysts. They Expect Sale to Microsoft to Close. | Barron’s

stock is having its best month since January 2021, but analysts at New Street Research think Wall Street is still too worried about

Microsoft’s

$68.7 billion acquisition of the Call of Duty and World of Warcraft maker.

Activision stock (ticker: ATVI) was up 0.4% to $85.22 on Friday afternoon, putting it in position for its highest closing level since Aug. 12, 2021. The stock is up more than 11% in March, on pace for its best month since it rose 18.8% in January 2022.