Goldman Sachs raises Activision Blizzard’s rating due to Diablo 4 and Overwatch 2

The financial analysts have been busy over at Goldman Sachs and it’s been reported that they are raising its rating for Activision Blizzard shares due to Diablo 4 and Overwatch 2 being released in the next two years.

The news appeared on CNBC where they state that Goldman Sachs 2019 and 2020 estimates have been raised. Analyst Christopher Merwin wrote in a note to clients on Tuesday, “We are raising our 2019 and 2020 estimates on account of a robust multi-year pipeline of games — Diablo, Overwatch 2, and a Blizzard mobile title — which we don’t think Street estimates are fully taking into account.”

Activision Blizzard’s shares rose 1% following the announcement to shareholders. Goldman Sachs analyst Christopher Merwin predicts Diablo 4 will be released in 2019 and sell 15 million units.

Make of this what you will but we will have to wait and see if 2019 is a realistic timeframe for Diablo 4 to be released. Considering we have heard nothing about it, if they were going to announce a new Diablo it would have to be next year. The hype train needs time to get rolling.

Source: CNBC.


Tagged As: | Categories: Diablo 4, Financial


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  1. Reading this while waiting for D2 servers to get back up again for 2 Ladder Reset. Great news haha 🙂

  2. Honestly I would rather they didn’t announce it as early as they did with D3 considering how that turned out. No promises and grandiose ideas that they have to cancel for whatever reason. Just make a good game, tell us it’s coming, and leave it at that. Only offer tidbits of what’s actually guaranteed to be in the game.

  3. All games should come with a “GS’ rating from now on! It’s a name to trust. A good family name.

  4. Screw it, after all the D3 BS I probably won’t be buying D4 anyway. Where’s the D2 HD news?

  5. Hopefully this time Blizzard North is involved and Jay Wilson far far away from the project…

  6. These guys really don’t understand Blizzard, D4 will release around 2025.

    • Right now they are probably iterating a couple of years on what artwork to choose, just to decide that that they want cute, cartoonish, stylish artwork again. So yes, 2025 sounds pretty much spot on.

  7. I’m anxious to find out if the development team has found a way to turn the genre back from action-adventure to arpg.

  8. Even Blizzard themselves did not use to know when their games were going to be released until half a year in advance. And now they are getting their ultimata issued by their most valued stakeholders’ whip-crackers. Congrats!

    • Sadly, nothing can be done about it. It is only natural that a developer as big / successful as Blizzard eventually becomes a corporate tool. I can’t think of a single company who did not “sold out”.

  9. Nice cant wait this seems like the thing we need.

  10. Different leadership gives me hope.

  11. I am super hyped about Overwatch 2. I genuinely love playing Overwatch it’s the BEST GAME EVER!

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