Activision Blizzard (ATVI): Overwatch Driving Estimate Revisions - Wedbush
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Rating Summary:
22 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 17
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Wedbush analyst, Michael Pachter, raised Activision Blizzard (NASDAQ: ATVI) Q2 Estimates to reflect Overwatch's Strong Debut. The analyst believes the game soldin 8 million units in Q2, double his prior estimate. Sell-in of well over 10 million units is likely this year, significantly above the 6.5 million units in 2016 implied by guidance. Revised Q2 revenue and EPS estimates are $1,475 million and $0.46, versus $1,400 million and $0.40 previously. This is versus consensus of $1,437 million and $0.41, and guidance of $1,375 million and $0.38.
No change to Outperform rating or price target of $43.00
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 $39.61 yesterday.
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