Activision Blizzard Receives “Outperform” Rating from Macquarie (ATVI)
Activision Blizzard (NASDAQ:ATVI)‘s stock had its “outperform” rating reiterated by stock analysts at Macquarie in a report issued on Wednesday. They currently have a $26.00 price target on the stock, up from their previous price target of $25.00. Macquarie’s target price points to a potential upside of 13.29% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Benchmark Co. raised their price target on shares of Activision Blizzard from $23.82 to $24.40 in a research note on Wednesday. Separately, analysts at Piper Jaffray raised their price target on shares of Activision Blizzard from $26.00 to $27.00 in a research note on Wednesday. Finally, analysts at Brean Capital raised their price target on shares of Activision Blizzard from $25.00 to $26.00 in a research note on Wednesday. Twelve equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $25.58.
Shares of Activision Blizzard (NASDAQ:ATVI) traded up 2.64% on Wednesday, hitting $22.95. The stock had a trading volume of 9,297,764 shares. Activision Blizzard has a 52-week low of $16.02 and a 52-week high of $23.43. The stock has a 50-day moving average of $22.50 and a 200-day moving average of $20.48. The company has a market cap of $16.409 billion and a P/E ratio of 25.41.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.04. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $607.75 million. During the same quarter last year, the company posted $0.08 earnings per share. Activision Blizzard’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Activision Blizzard will post $1.31 EPS for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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