Analysts’ Recent Ratings Updates for Activision Blizzard (ATVI)

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

  • 2/11/2019 – Activision Blizzard had its price target lowered by analysts at Benchmark Co. from $87.00 to $68.00. They now have a “buy” rating on the stock.
  • 2/7/2019 – Activision Blizzard was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 2/4/2019 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $70.00 price target on the stock.
  • 1/30/2019 – Activision Blizzard is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $50.00 price target on the stock.
  • 1/29/2019 – Activision Blizzard had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/28/2019 – Activision Blizzard had its price target lowered by analysts at Stifel Nicolaus from $67.00 to $57.00. They now have a “buy” rating on the stock.
  • 1/25/2019 – Activision Blizzard was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/24/2019 – Activision Blizzard had its price target raised by analysts at Morgan Stanley from $60.00 to $72.00. They now have an “overweight” rating on the stock.
  • 1/23/2019 – Activision Blizzard was given a new $64.00 price target on by analysts at Wedbush. They now have an “outperform” rating on the stock.
  • 1/22/2019 – Activision Blizzard is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $54.00 price target on the stock.
  • 1/16/2019 – Activision Blizzard was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Activision’s split with Destiny franchise is expected to negatively impact its top-line in the near-term. Intense competition from the likes of EA and Take-Two Interactive is expected to hurt market share expansion. Declining bookings and MAUs are a headwind. Lower revenues from King Digital is also an overhang. Continued investment in the digital market is also expected to hurt the company’s profitability in the near term.  Notably, shares have underperformed the industry in the past year. However, the company continues to expand its gaming portfolio with releases including Crash Team Racing Nitro-Fueled, and Rastakhan’s Rumble. Additionally, Activision’s foray into e-sports bodes well.”
  • 1/14/2019 – Activision Blizzard had its price target lowered by analysts at Robert W. Baird from $75.00 to $69.00. They now have an “outperform” rating on the stock.
  • 1/14/2019 – Activision Blizzard had its price target lowered by analysts at MKM Partners to $48.00. They now have a “neutral” rating on the stock.
  • 1/14/2019 – Activision Blizzard was given a new $60.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 1/13/2019 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $59.00 price target on the stock.
  • 1/11/2019 – Activision Blizzard was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/11/2019 – Activision Blizzard had its price target lowered by analysts at Piper Jaffray Companies to $55.00. They now have an “overweight” rating on the stock.
  • 1/11/2019 – Activision Blizzard had its price target lowered by analysts at KeyCorp from $80.00 to $64.00. They now have an “overweight” rating on the stock.
  • 1/11/2019 – Activision Blizzard had its price target lowered by analysts at Benchmark Co. from $93.00 to $87.00. They now have a “buy” rating on the stock.
  • 1/10/2019 – Activision Blizzard is now covered by analysts at Stephens. They set an “overweight” rating and a $65.00 price target on the stock.
  • 1/10/2019 – Activision Blizzard was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/3/2019 – Activision Blizzard was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Activision’s dependence on few franchises is concerning. Underperformance of Destiny 2: Forsaken and lower revenues from King Digital is a headwind. Intense competition from the likes of Electronic Arts and Take-Two Interactive is expected to hurt market share expansion. Moreover, competitive nature of video game industry is an overhang. Continued investment in the digital market is also expected to hurt the company’s profitability in the near term. However, Activision’s well-known franchises that include Call of Duty, Destiny 2, King Digital’s Candy Crush Saga are the key catalysts for the company. Activision continues to expand its gaming portfolio with releases including Crash Team Racing Nitro-Fueled, and Rastakhan’s Rumble. Strong net-bookings growth from in-game content is a key catalyst. Improving engagement levels is also a major growth driver.”
  • 12/21/2018 – Activision Blizzard had its price target lowered by analysts at Piper Jaffray Companies to $57.00. They now have an “overweight” rating on the stock.
  • 12/21/2018 – Activision Blizzard was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/18/2018 – Activision Blizzard was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 12/14/2018 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock, down previously from $90.00.

Shares of Activision Blizzard stock traded down $3.45 on Monday, reaching $39.96. The stock had a trading volume of 35,602,776 shares, compared to its average volume of 10,909,767. The company has a quick ratio of 2.01, a current ratio of 2.09 and a debt-to-equity ratio of 0.25. Activision Blizzard, Inc. has a 1 year low of $42.53 and a 1 year high of $84.68. The company has a market cap of $33.12 billion, a P/E ratio of 19.49, a PEG ratio of 1.57 and a beta of 0.92.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. As a group, equities research analysts forecast that Activision Blizzard, Inc. will post 2.34 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in ATVI. Capital Investment Advisory Services LLC acquired a new position in shares of Activision Blizzard in the 4th quarter valued at $37,000. Lindbrook Capital LLC acquired a new position in shares of Activision Blizzard in the 4th quarter valued at $37,000. Pearl River Capital LLC acquired a new position in shares of Activision Blizzard in the 4th quarter valued at $41,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Activision Blizzard in the 4th quarter valued at $45,000. Finally, Mondrian Capital Management LLC acquired a new position in shares of Activision Blizzard in the 4th quarter valued at $47,000. Institutional investors own 90.62% of the company’s stock.

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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