MKM Partners Reiterates a 'Buy' on Activision Blizzard (ATVI); Fuel From Diablo
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Price: $94.42 --0%
Rating Summary:
22 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
22 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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MKM Partners reiterates a 'Buy' on Activision Blizzard (NASDAQ: ATVI) price target of $17.00.
Analyst, Eric Handler, said, "Based on the 2Q outperformance, partially offset by a more conservative (and likely beatable) outlook for 2H12 we are raising our 2012 EPS to an above guidance $1.04 (+12%) from our prior $1.00 projection. We are lowering our 3Q12 EPS to $0.10 (+34%) from our prior $0.13 estimate. This expectation is ahead of guidance of $0.07. Ongoing sales for Diablo 3 and contributions from the online auction house plus the launch of World of Warcraft: Mists of Pandaria should drive upside relative to guidance. A high level of digital revenue could produce an operating margin of roughly 22% compared to management’s 15% expectation."
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 $11.77 yesterday.
Analyst, Eric Handler, said, "Based on the 2Q outperformance, partially offset by a more conservative (and likely beatable) outlook for 2H12 we are raising our 2012 EPS to an above guidance $1.04 (+12%) from our prior $1.00 projection. We are lowering our 3Q12 EPS to $0.10 (+34%) from our prior $0.13 estimate. This expectation is ahead of guidance of $0.07. Ongoing sales for Diablo 3 and contributions from the online auction house plus the launch of World of Warcraft: Mists of Pandaria should drive upside relative to guidance. A high level of digital revenue could produce an operating margin of roughly 22% compared to management’s 15% expectation."
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 $11.77 yesterday.
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