Activision Blizzard shares jumped around +3% Tuesday, on a rating upgrade by Goldman Sachs.
Goldman Sachs analysts raised their rating on the gaming company to buy from neutral. The investment bank also included the stock it to its Conviction Buy list.
Praising new content among Activision’s games including "Storm Rising" and Workshop mode for "Overwatch," "Rise of Shadows" and "The Dalaran Heist for Hearthstone", Goldman said that it sees an "inflection" in the game-maker's earnings path. The analysts also pointed at the upcoming releases of Activision’s "Diablo Immortal" and "Call of Duty Mobile" games as potential tailwinds for the stock.