Several analysts have recently updated their ratings and price targets for Activision Blizzard (NASDAQ: ATVI):

  • 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 Credit Suisse Group. They now have a $74.00 price target on the stock, up previously from $67.00.
  • 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 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 “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.
  • 8/6/2017 – Activision Blizzard had its price target raised by analysts at UBS Group AG from $67.00 to $72.00. They now have a “buy” rating 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.
  • 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.
  • 7/31/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $72.00 price target on the stock, up previously from $67.00.
  • 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.
  • 7/26/2017 – 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.
  • 7/25/2017 – 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.
  • 7/18/2017 – Activision Blizzard had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $65.00 price target on the stock.
  • 7/17/2017 – Activision Blizzard is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $75.00 price target on the stock.
  • 7/17/2017 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $60.00 price target on the stock.
  • 7/13/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $68.00 price target on the stock.
  • 7/12/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $67.48 price target on the stock.
  • 7/7/2017 – Activision Blizzard was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Activision’s enviable product portfolio that includes the likes of Call of Duty and World of Warcraft along with increasing digital revenues will continue to drive growth. Moreover, the company will continue to benefit from acquisition of King Digital. 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. Over the past one year, share prices have outperformed the Zacks categorized Toys/Games/Hobby Prod industry. However, hit driven and competitive nature of the video game industry begets caution.  “
  • 7/5/2017 – Activision Blizzard was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “Activision’s enviable product portfolio that includes the likes of Call of Duty and World of Warcraft along with increasing digital revenues will continue to drive growth. Moreover, the company will continue to benefit from acquisition of King Digital. 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. Over the past one year, share prices have outperformed the Zacks categorized Toys/Games/Hobby Prod industry. However, hit driven and competitive nature of the video game industry begets caution.  “
  • 7/3/2017 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Robert W. Baird.
  • 6/29/2017 – Activision Blizzard is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $67.00 price target on the stock.
  • 6/28/2017 – Activision Blizzard was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/27/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $65.72 price target on the stock.
  • 6/22/2017 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at CIBC. They now have a $70.00 price target on the stock, up previously from $60.00.
  • 6/22/2017 – Activision Blizzard had its price target raised by analysts at Oppenheimer Holdings, Inc. from $60.00 to $70.00. They now have an “outperform” rating on the stock.
  • 6/21/2017 – Activision Blizzard had its price target raised by analysts at Benchmark Co. from $60.00 to $71.00. They now have a “buy” rating on the stock.
  • 6/15/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $65.85 price target on the stock.
  • 6/14/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $64.63 price target on the stock.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 60.21 on Friday. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $64.06. The stock’s 50 day moving average is $60.31 and its 200 day moving average is $52.86. The firm has a market cap of $45.45 billion, a PE ratio of 40.65 and a beta of 1.07.

In related news, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $11,753,756.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian G. Kelly sold 98,879 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $61.87, for a total value of $6,117,643.73. Following the sale, the director now directly owns 189,791 shares in the company, valued at approximately $11,742,369.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,914,879 shares of company stock worth $242,371,204. Corporate insiders own 2.12% of the company’s stock.

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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