Activision Blizzard (ATVI) PT Raised to $55 at Jefferies

August 5, 2016 7:21 AM EDT
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
Trade ATVI Now!
Join SI Premium – FREE

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

Jefferies US Interactive Entertainment Team reiterated a Buy rating and raised his price target on Activision Blizzard (NASDAQ: ATVI) to $55.00 (from $45.00)

They commented, "Overwatch has already generated $500MM in sales since its launch in May, well ahead of our prior $400MM estimate for the full year. Additionally, the game will feature limited-time events designed to encourage in-game spending, suggesting Overwatch will be contributing high-margin digital revenue on a year-round basis. Call of Duty will be the focus through year-end; preorders are down, but ASP is up. ATVI remains a Franchise Pick."

FY 2016 EPS goes from $1.80 to $1.90 and FY 2017 from $2.02 to $2.03.

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 $40.83 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment