Wedbush Reiterates Outperform on Activision Blizzard (ATVI) Following Announced King Digital (KING) Acquisition

Activision Blizzard (ATVI) PT Raised to $41 at Argus; Should Trade at a Premium

November 11, 2015 7:52 AM EST

Argus reiterated a Buy rating and lifted its price target on Activision Blizzard (NASDAQ: ATVI) to $41.00 (from $34.00) following the recent KING acquisition.

The firm notes ATVI expects the acquisition to be accretive in the first year after the closing and to boost... More

Activision Blizzard (ATVI) PT Lifted to $42 at Piper Jaffray Post Analyst Day

November 9, 2015 7:30 AM EST

Piper Jaffray analyst, Mike Olson, attended Activision Blizzard (NASDAQ: ATVI) Investor Day on Friday, 11/6. Notes follow:

The company believes it will deliver a 15%+ and 20%+ 3- year CAGR for revenue and EPS aided by new initiatives including a studio for TV and film... More

Top 10 News for 11/2 - 11/6: Nonfarm Payrolls Suggest Rate Hike; Facebook, Tesla Ramp on Results; Bitcoin is Back!

November 6, 2015 4:00 PM EST

1. Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate was essentially unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction. (The Street consensus was looking for a payroll report of 185,000 and unemployment rate at 5.0 percent.) The news suggests that, more than ever, a rate hike is likely in December. For more on the numbers,... More

Activision Blizzard (ATVI) Launches Activision Blizzard Studios

November 6, 2015 1:20 PM EST

Activision Blizzard (Nasdaq: ATVI) today announced the launch of Activision Blizzard Studios, a new film and television studio devoted to creating original content based on the companys extensive library of iconic and globally-recognized intellectual properties. Activision Blizzards owned content includes some of the most popular entertainment franchises in the world, including Call of Duty®,Skylanders®, Diablo®, Hearthstone® and StarCraft®. Former Disney executive Nick van Dyk has been tapped to co-head the division, along with a senior creative executive who will be announced soon.

Activision Blizzard Studios first production will be Skylanders Academy, an... More

Activision (ATVI) plans to create new TV studio with former Disney executive - Bloomberg, Citing CEO

November 6, 2015 11:50 AM EST

Activision Blizzard (NASDAQ: ATVI) is going to create a TV studio with a former Disney executive, according to Bloomberg, citing CEO Robert Kotick.

... More

'Grand Theft Auto' maker Take-Two's revenue nearly triples

November 5, 2015 4:59 PM EST

By Anya George Tharakan

(Reuters) - Video game publisher Take-Two Interactive Software Inc's (NASDAQ: TTWO) third-quarter adjusted revenue nearly tripled, topping analysts' estimates, as sales of its "Grand Theft Auto V" and "NBA 2K16" titles surged.

Shares of the company, which also owns the "Civilization" game franchise, were up 4.4 percent in extended trading on Thursday.

The company also benefited from its strong digital business, which made up 38.6 percent of its total adjusted sales for the second quarter.

Physical sales of... More

Finally a Way for Activision (ATVI) to Monetize its Legacy Titles - Jefferies

November 5, 2015 8:32 AM EST

Activision Blizzard's (NASDAQ: ATVI) $6B acquisition of KING brings the mobile gaming platform as well as its massive audience of 474MM mobile gamers. Big numbers but the concern has been, will the publisher of Call of Duty get leverage out of the Candy Crush gamer?

Maybe analysts werent looking back far enough when they criticized Activisions... More

Stifel Downgrades King Digital Entertainment (KING) to Hold

November 5, 2015 7:28 AM EST

Stifel downgraded King Digital Entertainment (NYSE: KING) from Buy to Hold with a price target of $19.00.

For an analyst ratings summary and ratings history on King Digital Entertainment click here. For more ratings news on King Digital Entertainment click here.

Shares of King Digital Entertainment closed at $17.76 yesterday.

... More

Cowen Downgrades King Digital Entertainment (KING) to Market Perform on Pending Takeover

November 5, 2015 6:49 AM EST

Cowen downgraded King Digital Entertainment (NYSE: KING) from Outperform to Market Perform with a price target of $27.00 (from $18.00) amid the pending takeover by Activision.

For an analyst ratings summary and ratings history on King Digital Entertainment... More