Activision Blizzard Price Target Raised to $30.00 at Argus (ATVI)
Analysts at Argus increased their price target on shares of Activision Blizzard (NASDAQ:ATVI) from $24.00 to $30.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Argus’ price objective indicates a potential upside of 30.38% from the company’s current price.
In other Activision Blizzard news, Insider Humam Sakhnini sold 394,280 shares of Activision Blizzard stock on the open market in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $22.88, for a total transaction of $9,021,126.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Longbow Research upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Friday, August 8th. They now have a $28.00 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, August 6th. They now have a $26.00 price target on the stock, up previously from $25.00. Finally, 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, August 6th. Twelve investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $26.34.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 23.01 on Wednesday. Activision Blizzard has a one year low of $16.02 and a one year high of $23.79. The stock’s 50-day moving average is $22.76 and its 200-day moving average is $20.87. The company has a market cap of $16.509 billion and a P/E ratio of 27.60.
Activision Blizzard (NASDAQ:ATVI) last released its earnings data on Tuesday, August 5th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that Activision Blizzard will post $1.32 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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