Several brokerages have updated their recommendations and price targets on shares of Activision Blizzard (NASDAQ: ATVI) in the last few weeks:

  • 9/20/2017 – Activision Blizzard is now covered by analysts at Buckingham Research. They set a “buy” rating and a $79.00 price target on the stock.
  • 9/10/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 9/8/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $74.00 price target on the stock.
  • 9/8/2017 – Activision Blizzard is now covered by analysts at Goldman Sachs Group, Inc. (The). They set a “neutral” rating and a $65.00 price target on the stock.
  • 9/8/2017 – Activision Blizzard had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $69.00 price target on the stock.
  • 8/31/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $61.90 price target on the stock.
  • 8/19/2017 – Activision Blizzard was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/16/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Argus. They now have a $70.00 price target on the stock, up previously from $65.00.
  • 8/10/2017 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $68.00 price target on the stock, up previously from $60.00.
  • 8/9/2017 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $66.00 price target on the stock, up previously from $59.00.
  • 8/9/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $78.00 price target on the stock, up previously from $68.00.
  • 8/9/2017 – Activision Blizzard was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Activision reported better-than-expected second quarter 2017 results driven by increasing digital revenues, King Digital buyout and strength in franchises. The company reported $1 billion from in-game revenues in the quarter. Activision also raised guidance for the full year. 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. In the last quarter, Activision announced the first seven-team sales for esports league for its newest franchise Overwatch. 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. “
  • 8/9/2017 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $74.00 price target on the stock, up previously from $67.00.
  • 8/6/2017 – Activision Blizzard had its price target raised by analysts at UBS AG from $67.00 to $72.00. They now have a “buy” rating on the stock.
  • 8/4/2017 – Activision Blizzard had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $69.00 price target on the stock.
  • 8/4/2017 – Activision Blizzard was upgraded by analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating. They now have a $76.00 price target on the stock, up previously from $65.00.
  • 8/4/2017 – Activision Blizzard had its price target raised by analysts at Benchmark Co. from $71.00 to $74.00. They now have a “buy” rating on the stock.
  • 8/4/2017 – Activision Blizzard had its price target raised by analysts at Wedbush to $3.00. They now have an “outperform” rating on the stock.
  • 7/31/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $72.00 price target on the stock, up previously from $67.00.
  • 7/26/2017 – Activision Blizzard had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $65.00 price target on the stock, up previously from $60.00.
  • 7/26/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $63.00 price target on the stock, up previously from $60.00.
  • 7/25/2017 – Activision Blizzard was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $67.00 price target on the stock, up previously from $62.00.
  • 7/22/2017 – Activision Blizzard had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $67.00 price target on the stock.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 64.31 on Wednesday. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $66.58. The stock’s 50 day moving average price is $63.45 and its 200 day moving average price is $57.13. The company has a market cap of $48.55 billion, a PE ratio of 43.42 and a beta of 1.08.

In related news, Director Brian G. Kelly sold 3,685,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the sale, the director now owns 189,791 shares in the company, valued at approximately $11,753,756.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.44, for a total value of $6,945,763.16. Following the sale, the director now owns 189,791 shares in the company, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,074,879 shares of company stock worth $252,196,001. 2.12% of the stock is owned by corporate insiders.

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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