The median price target on the stock is 20% higher than current levels. MSFT stock is up 40% this year but its gains have trailed those of other mega-cap tech stocks. IMVU (/ m v j u /, stylized as imvu) is an online virtual world and social networking site. The company recently made changes to appease regulators in the United Kingdom, paving the way for eventual approval. Federal Trade Commission ( FTC) that had sought to block the deal. However, Microsoft won a court hearing against the U.S. Concerns that a takeover of Activision Blizzard will give Microsoft an unfair competitive advantage has led regulators to closely scrutinize the deal. It will also vault it to the forefront of video game publishers worldwide, driving sales of the its Xbox gaming console.Īctivision Blizzard brings with it popular video game series such as Call of Duty, World of Warcraft, and Tony Hawk’s Pro Skater. But if successful, the deal will provide a huge boost to Microsoft’s Xbox gaming division. It’s been an arduous journey for Microsoft to convince regulators around the world to green light its takeover of Activision. ![]() This recommendation is predicated on Microsoft’s (NASDAQ: MSFT) $68 billion acquisition of video game maker Activision Blizzard (NASDAQ: ATVI) being successfully concluded. Still, the median price target on EA stock among 24 analysts who cover the company is 16% higher than current levels. Another factor is an overall decline in consumer spending on video games since the pandemic. Enjoy hanging out with old friends or join a party to meet new ones in the many and varied virtual worlds created by the games massive community. In addition, stock has taken a hit due to a growing trend towards online gaming and a move away from consoles like PlayStation. Home Games Like IMVU Social IMVU is a social virtual world game where players can create fully-customized avatars and interact with other players from all over the world. Electronic Arts stock is being held back because of increasing fragmentation in the overall video game market. ![]() Of course, EA is best-known for its line of sports video games, including the hugely popular Madden NFL series. This is a bit surprising given that Electronic Arts produces best-selling video game franchises such as The Sims and Medal of Honor. The stock is currently trading nearly 20% below its all-time high and has been moving sideways for almost four years. Over five years, the share price is up only 8%. Despite the boom in tech stocks this year, shares of Electronic Arts (NASDAQ: EA) have barely budged.
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