After a dramatic fall to end 2018, Activision Blizzard (NASDAQ: ATVI) stock rose 28% in 2019. The maker of hit franchises including World of Warcraft and Candy Crush finished the year strong, with momentum across mobile, console, and PC titles. Notably, the company made a tremendous splash with Call of Duty Mobile, which has significantly expanded its audience reach and opens the door for lucrative monetization opportunities in the new year.
There are several small catalysts on the horizon that could add up to an even better year for the game maker in 2020. We'll review those as well as whether the stock's current valuation warrants further upside.
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