Activision Stock Is Too Cheap: Analysts. They Expect Sale to Microsoft to Close.

Activision Blizzard

stock is having its best month since January 2021, but analysts at New Street Research think Wall Street is still too worried about

Microsoft’s

$68.7 billion acquisition of the Call of Duty and World of Warcraft maker.

Activision stock (ticker: ATVI) was up 0.4% to $85.22 on Friday afternoon, putting it in position for its highest closing level since Aug. 12, 2021. The stock is up more than 11% in March, on pace for its best month since it rose 18.8% in January 2022.