Activision Blizzard stock pops after BMO upgrades on standout video games

Activision Blizzard holds first ever Overwatch League Grand Finals
Getty Images

The success of Activision Blizzard's standout video games will drive earnings growth, according to BMO Capital Markets.

The firm upgraded the video game company's stock to outperform from market perform and hiked its price target to $60 from $43, implying about 17% upside for the stock.