Activision Blizzard (ATVI): Call Of Duty Weakness Should Only Be 4 Cents This Q - Jefferies

November 30, 2016 7:17 AM EST
Get Alerts ATVI Hot Sheet
Price: $37.45 +2.04%

Rating Summary:
    20 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
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Jefferies analyst, Brian Fitzgerald, reiterated his Buy rating on shares of Activision Blizzard (NASDAQ: ATVI) after shares have fallen 17% from the Oct. 52-week highs on fears that Call of Duty is under-performing this holiday. Unit sales declines may be worse than anticipated but this should be partially offset by the higher uptake of the $80 premium SKU.

The analyst believes the COD launch could result in an EPS shortfall of around $0.04 but he is leaving 4Q estimates intact due to optimism around Overwatch and WoW, which both had engagement spikes.

No change to the price target of $55.

For an analyst ratings summary and ratings history on Activision Blizzard click here. For more ratings news on Activision Blizzard click here.

Shares of Activision Blizzard closed at $37.95 yesterday.

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