Analysts’ Recent Ratings Updates for Activision Blizzard (ATVI)

Several analysts have recently updated their ratings and price targets for Activision Blizzard (NASDAQ: ATVI):

  • 1/16/2018 – Activision Blizzard was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/11/2018 – Activision Blizzard was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $69.64 price target on the stock.
  • 1/11/2018 – Activision Blizzard was given a new $75.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 1/10/2018 – Activision Blizzard had its price target raised by analysts at Macquarie from $64.00 to $68.00. They now have an “outperform” rating on the stock.
  • 1/8/2018 – Activision Blizzard was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Activision shares have outperformed the industry it belongs to over the last 12-months. The company's popularity is primarily driven by its well-known franchises, which will continue to fuel top-line growth. Increasing digital revenues, King Digital buyout and strength in franchises are the key drivers. The company’s much awaited Call of Duty: WWII earned over $500 million in the first three days of its release. The company’s attempts to become a broad-based media company are prudent in our view. Apart from launching a movie studio and consumer products division, the company is also strengthening its presence in the lucrative e-sports market. Estimates have been going up ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. However, hit driven and competitive nature of the video game industry begets caution.”
  • 1/8/2018 – Activision Blizzard was given a new $80.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 1/2/2018 – Activision Blizzard was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Activision shares have outperformed the industry it belongs to over the last 12-months. The company is one of the leading names in the video game publishing arena. Its popularity is primarily driven by its well-known franchises, which will continue to fuel top-line growth.  Increasing digital revenues, King Digital buyout and strength in franchises are the key drivers. The company’s much awaited Call of Duty: WWII earned over $500 million in the first three days of its release. The company’s attempts to become a broad-based media company are prudent in our view. Apart from launching a movie studio and consumer products division, the company is also strengthening its presence in the lucrative e-sports market. However, hit driven and competitive nature of the video game industry begets caution.”
  • 12/28/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $70.69 price target on the stock.
  • 12/27/2017 – Activision Blizzard was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/26/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating. They now have a $71.71 price target on the stock.
  • 12/26/2017 – Activision Blizzard was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Activision is one of the leading names in the video game publishing arena. Its popularity is primarily driven by its well-known franchises, which will continue to fuel top-line growth.  Increasing digital revenues, King Digital buyout and strength in franchises are the key drivers. The company’s much awaited Call of Duty: WWII earned over $500 million in the first three days of its release. The company’s attempts to become a broad-based media company are prudent in our view. Apart from launching a movie studio and consumer products division, the company is also strengthening its presence in the lucrative e-sports market. Over the past one year, share prices have outperformed the broader industry. However, hit driven and competitive nature of the video game industry begets caution.”
  • 12/20/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $63.18 price target on the stock.
  • 12/19/2017 – Activision Blizzard was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/18/2017 – Activision Blizzard is now covered by analysts at BTIG Research. They set a “buy” rating and a $80.00 price target on the stock.
  • 12/12/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $62.29 price target on the stock.
  • 12/12/2017 – Activision Blizzard was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating.
  • 12/5/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $62.29 price target on the stock.
  • 11/29/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $62.29 price target on the stock.
  • 11/20/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $61.27 price target on the stock.

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $68.71 on Wednesday. Activision Blizzard, Inc. has a one year low of $38.38 and a one year high of $71.18. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The stock has a market cap of $51,950.00, a price-to-earnings ratio of 47.06, a price-to-earnings-growth ratio of 2.06 and a beta of 1.02.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. Activision Blizzard had a net margin of 15.90% and a return on equity of 17.56%. sell-side analysts forecast that Activision Blizzard, Inc. will post 2.1 earnings per share for the current year.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.12% of the company’s stock.

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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