Activision Blizzard (NASDAQ:ATVI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a $19.60 price objective on the stock. Zacks‘ target price indicates a potential upside of 9.01% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Activision Blizzard from $16.00 to $22.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Activision Blizzard to $23.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Activision Blizzard from $17.00 to $21.00 in a research note to investors on Monday. They now have a “buy” rating on the stock.
One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $18.02.
Activision Blizzard (NASDAQ:ATVI) opened at 17.98 on Wednesday. Activision Blizzard has a 1-year low of $10.45 and a 1-year high of $18.43. The stock’s 50-day moving average is currently $15.00. The company has a market cap of $20.093 billion and a price-to-earnings ratio of 16.73.
Activision Blizzard (NASDAQ:ATVI) last released its earnings data on Wednesday, May 8th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.06. The company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $705.04 million. During the same quarter last year, the company posted $0.06 earnings per share. Activision Blizzard’s revenue was up 37.0% compared to the same quarter last year. On average, analysts predict that Activision Blizzard will post $0.85 earnings per share 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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.