gaming

Zynga Inc’s (NASDAQ: ZNGA) ability to create deeper relationships with mobile gamers gives the company an edge over its competitors, according to BMO Capital Markets. The Zynga Analyst: Gerrick Johnson initiated coverage of Zynga with an Outperform rating and a price target of $15. The...

DraftKings Inc. (NASDAQ: DKNG) and Penn National Gaming Inc. (NASDAQ: PENN) are two gaming stocks that have been trending throughout the year, and both are nearing support levels for a possible bounce. Below is a technical analysis for each chart. Is now the time to buy? DraftKings Daily...

Apple Inc. (NASDAQ: AAPL) has been hit with a class-action lawsuit that accuses the tech giant of profiting from illegal gambling apps on the App Store, AppleInsider reported Tuesday. What Happened: The lawsuit, filed on behalf of plaintiffs Joshua McDonald and Michael Helsel, states that Apple has...

The Las Vegas gaming market seems to be delivering a faster- and stronger-than-expected recovery, with “especially positive booking trends," according to Morgan Stanley. The Gaming Market Analyst: Thomas Allen upgraded the ratings for MGM Resorts International (NYSE: MGM) and Caesars...

Draftkings Inc (NASDAQ: DKNG) announced Monday it has acquired BlueRibbon Software Ltd., a Tel Aviv-based jackpot and iGaming company. What Happened: BlueRibbon’s technology will be integrated into DraftKing’s products, allowing the company to offer additional features...

Apple Inc. (NASDAQ: AAPL) has expanded its gaming subscription service Apple Arcade by introducing two new game categories and adding more than 30 new games. Apple Arcade now has more than 180 games in its catalog. What Happened: Apple said it has introduced two new game categories –...

Microsoft Corp. (NASDAQ: MSFT) is in talks to acquire Discord Inc. for more than $10 billion, as reported by Bloomberg, and there could be several ways the tech giant stands to benefit if such a deal goes through. What Happened: Bloomberg gaming journalist Jason Schreier noted that a...

Microsoft Corp. (NASDAQ: MSFT) is in talks to acquire Discord Inc. for more than $10 billion, Bloomberg reported Monday, citing people familiar with the matter. What Happened: Discord, a communications and chat platform, has reached out to potential buyers including Microsoft, but no deal is...

Sony Corporation (NYSE: SNE) has revealed a new virtual reality controller for its PlayStation 5 gaming console, which it claims unlocks a “way to tap into the sense of touch.” What Happened: The “orb” shaped controllers allow for a “high degree of freedom” while...

GameStop Corp. (NYSE: GME) has yet to show financial success in an industry that is rapidly shifting to digital and its current valuation “far exceeds our high fundamental expectations” but there are factors favoring the videogame retailer, according to analysts at Telsey Advisory...

Hotels and casino company MGM Resorts International (NYSE: MGM) boasts a complex valuation, but three notable catalysts mean it is now "changing for the better," according to Jefferies. The MGM Resorts Analyst: David Katz upgraded MGM Resorts' stock rating from Hold to Buy with a...

On Wednesday, one of the most anticipated IPOs of 2021 took place with online gaming company Roblox Corp (NYSE: RBLX) going public with a direct listing. What Happened: Shares of Roblox priced at $45 prior to their market debut. The shares began trading at $64.50 on Wednesday. A daily email...

Gaming stocks have soared over the past year as children and adults alike searched for ways to pass the time while being stuck at home during COVID-19 pandemic stay-at-home orders. What Happened: Roblox Corp (NYSE: RBLX) went public Wednesday in a highly anticipated direct listing on the...

The tech meltdown seen since the start of February is keeping several investors on the sidelines waiting for directional cues. Even though high-profile tech names have pulled back amid the sell-off, there are always bankable investments to have in a portfolio as long-term holdings. A few under-the-...

Advanced Micro Devices, Inc. (NASDAQ: AMD), which has been riding on its product momentum in recent years, announced Wednesday a new graphics card. What Happened: Santa Clara, California-based AMD officially launched its Radeon RX 6700 XT graphics card in a bid to capitalize on the strong demand...