Activision Blizzard (ATVI) Outperform Rating Reiterated After Meeting with IR - Credit Suisse

Credit Suisse analyst Stephen Ju reiterated an Outperform rating and $96.00 price target on Activision Blizzard (NASDAQ: ATVI) after meeting with Investor Relations and becoming more comfortable that the pieces are in place for the company to offset some of the inevitable drop-off in engagement and spend.

The analyst stated "Although nothing has been specifically announced beyond Diablo Immortal and Crash Bandicoot: On the Run!, Call of Duty will serve as the blue print for other franchises as there are multiple mobile projects under development. We maintain our Outperform rating and our investment thesis remains predicated on the following factors: 1) the ability to produce and maintain highquality franchise content, 2) management execution consistency, and 3) strong positioning in the long-term sector transition from CPG to online, as well as to mobile".

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 $77.98 yesterday.

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