Activision Blizzard (ATVI) Price Target Raised to $41 at Pacific Crest
Pacific Crest maintained an Overweight rating on Activision Blizzard (NASDAQ: ATVI) and raised its price target to $41.00 (from $36.00). The change follows solid Q1 results.
"In a solid Q1 beat on a quiet quarter, the addition of King drove the y/y growth. The company saw record engagement and players across most of its franchises and is positioned well for Q2 with the highly anticipated Overwatch release May 24. We are buyers of ATVI," said analyst Evan Wilson.
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Shares of Activision Blizzard closed at $34.91 yesterday.