Mizuho Securities Starts Activision Blizzard (ATVI) at Outperform; Interactive Entertainment Top Pick

Mizuho Securities initiates coverage on Activision Blizzard (NASDAQ: ATVI) with a Outperform rating and a price target of $29.00.

Analyst Neil Doshi commented, "We are initiating coverage on ATVI with a Buy rating and naming it our Interactive Entertainment Top Pick. Despite the stock being up 26% over the past year, we believe there is still ample upside left, with much of the potential upside coming from Blizzard - continued traction with Hearthstone, along with two new IP properties Heroes of the Storm and Overwatch. And with CoD: Black Ops III, Destiny: The Taken King, Guitar Hero, and Call of Duty Online, we see solid tailwinds from the Activision side."

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 $25.44 yesterday.

You May Also Be Interested In

• BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
• KKR Real Estate Financial Trust (KREF) PT Lowered to $12 at JMP Securities
• Craig-Hallum Assumes DiaMedica Therapeutics Inc. (DMAC) at Buy