Activision Blizzard (ATVI) PT Raised to $114 at Benchmark

February 5, 2021 7:14 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 raised the price target on Activision Blizzard (NASDAQ: ATVI) to $114.00 while maintaining a Buy rating.

The analyst commented, "ATVI delivered a strong F4Q20 and better than consensus F1Q21 and FY21 guidance, amplifying a structural lift from their Call of Duty franchise that consensus underestimated. Further, we estimate 50% of consensus view included a major release from Blizzard in FY21 that was not considered in guidance. We are modeling a meaningful step up in growth in FY22, led by Blizzard game launches."

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