Activision Blizzard (ATVI): Call of Duty Drives Potential $200M in Revenue Upside - Benchmark

December 4, 2020 9:46 AM EST
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Price: $91.50 +1.14%

Rating Summary:
    36 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Benchmark analyst Mike Hickey reiterated a Buy rating and $109.00 price target on Activision Blizzard (NASDAQ: ATVI), saying Call of Duty drives a potential $200M in revenue upside.

"ATVI released financial performance data for its Call of Duty franchise this morning, which suggests potential revenue upside of over $200M to our FY20 revenue estimates," Hickey commented. "Benchmark is modeling ATVI's Activision Publishing (AP) business segment at $3.793B for FY20, or up 71% compared to prior year; the vast majority of AP performance comes from Call of Duty franchises sales"

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 $78.79 yesterday.

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