Activision Blizzard (NASDAQ: ATVI) has recently received a number of price target changes and ratings updates:

  • 9/27/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $64.25 price target on the stock.
  • 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.
  • 9/20/2017 – Activision Blizzard had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $62.00 price target on the stock, up previously from $60.00.
  • 9/20/2017 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $68.00 price target on the stock.
  • 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.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 63.45 on Wednesday. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $66.58. The company has a market capitalization of $47.90 billion, a PE ratio of 42.84 and a beta of 1.10. The company’s 50-day moving average price is $63.94 and its 200 day moving average price is $58.19.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dennis M. Durkin sold 160,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the transaction, the insider now directly owns 337,534 shares of the company’s stock, valued at approximately $20,481,563.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,074,879 shares of company stock worth $252,196,001. 2.12% of the stock is owned by company 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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