Activision Blizzard (ATVI) Call of Duty: Mobile Seeing Solid Stats - KeyBanc

KeyBanc analyst Tyler Parker weighed in on Activision Blizzard (NASDAQ: ATVI) noting Sensortower, Call of Duty: Mobile has accumulated over $2M in spend and 20M downloads within the first few days of release.

"This is relatively in line or above other battle royale games, or mobile games that have stemmed from established IP on console," Parker commented. "We continue to believe that the game has significant potential as a premium mobile game experience, and view initial datapoints as positive relative to our expectations of $20M for 4Q19."

The firm reiterated an Overweight rating and $60.00 price target on ATVI.

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 $52.25 yesterday.

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