Activision Blizzard (ATVI) Cocooning and Title Strength Could Provide Support Through the Crisis - Benchmark

March 24, 2020 8:08 AM EDT
Get Alerts ATVI Hot Sheet
Price: $76.18 -4.25%

Rating Summary:
    37 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 9 | New: 24
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Benchmark analyst Mike Hickey reiterated a Buy rating and $72.00 price target on Activision Blizzard (NASDAQ: ATVI) on the belief that near term performance growth upside and a benefit from a consumer trend towards in-home entertainment could sustain the company through the medium term.

The analyst stated "Recent market data has illuminated considerable demand for Warzone, World of Warcraft and Modern Warfare, which should combinate to drive favorable performance growth. ATVI has a strong balance sheet, $3.1B net cash and $1.7B FCF TTM or 4% yield".

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 $58.50 yesterday.

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