Activision Blizzard Given Buy Rating at Stifel Nicolaus (ATVI)
Activision Blizzard (NASDAQ:ATVI)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued on Friday, Analyst Ratings Network reports. They currently have a $22.00 price objective on the stock, up from their previous price objective of $21.00. Stifel Nicolaus’ price objective points to a potential upside of 20.22% from the company’s current price.
The analysts wrote, “More on Reaper of Souls – we forecast 4.5 million units for ’14, which implies conversion of about 30% of the installed base (14 million+ copies of Diablo III sold across PC and consoles),” the report noted. “The game will initially be available for PC + Mac ($40 for digital standard edition), and PS4 at a later date. Reaper of Souls (pre-orders) is currently ranked as the #7 title on amazon.com’s best selling PC titles.”
ATVI has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Activision Blizzard from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $19.60 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of Activision Blizzard in a research note to investors on Monday, November 18th. They now have a $22.00 price target on the stock. Finally, analysts at Barclays reiterated a “buy” rating on shares of Activision Blizzard in a research note to investors on Sunday, November 10th. They now have a $22.00 price target on the stock. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Activision Blizzard currently has an average rating of “Buy” and an average target price of $19.96.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.05. The company had revenue of $657.00 million for the quarter, compared to the consensus estimate of $589.43 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.