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.