Activision Blizzard (ATVI) BlizzCon Announcements Deserve Investor Consideration - Benchmark

November 4, 2019 7:57 AM EST
Get Alerts ATVI Hot Sheet
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 $68.00 price target on Activision Blizzard (NASDAQ: ATVI) after attending BlizzCon 2019 at the Anaheim convention center where Diablo IV was officially announced for PC and current generation consoles and Overwatch 2 was announced and will include a PvE story model, a new core PvP mode called Push and new heroes. World of Warcraft: Shadowlands expansion was announced for F2020 release, Hearthstone: Descent of Dragons was revealed for release in F4Q19 and an autobattler Hearthstone: Battlegrounds was also announced.

The analyst stated "ATVI’s product releases from COD franchise have achieved better than anticipated success. Blizzard’s announced games exceeded our expectations; they appear to executing on their turn around. We believe reported financial growth and medium term visibility will drive investor consideration".

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 $56.28 yesterday.

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