Activision Blizzard Price Target: $100 Activision Blizzard Inc. (NASDAQ:ATVI) is a video game holding company founded in 2008 as a result of a merger between Activision Inc. and Vivendi Games. It owns some of the very famous gaming titles such as Call of Duty, Candy Crush Saga, Diablo, and Warcraft. It develops games for all key platforms including mobile, game consoles, and PCs. Moreover, it also conducts eSports leagues and tournaments to generate revenue, besides making money from ads and in-game content. The Santa Monica, California-based game publisher has enjoyed tremendous growth over the past year as the global video game industry thrived during 2020 due to the Covid-19 outbreak. Stuck-at-home gamers spent more time playing video games during the pandemic that drove revenue for gaming stocks including ATVI. The company’s revenue in the previous quarter climbed 38 percent on a year-over-year basis to $1.28 billion. Moreover, it also raised its revenue outlook for the full year from $7.25 billion to $7.67 billion.