Activision Blizzard (ATVI) Tops Q2 EPS by 3c

Activision Blizzard (ATVI) PT Raised to $52 at UBS

August 5, 2016 8:35 AM EDT

UBS analyst Eric Sheridan reiterated a Buy rating and raised his price target on Activision Blizzard (NASDAQ: ATVI) to $52.00 (from $50.00) following strong Q2 results.

Sheridan commented, "In its Q2 results, ATVI exceeded expectations across the board on the back of both software sales & engagement... More

Activision Blizzard (ATVI) PT Raised to $55 at Jefferies

August 5, 2016 7:21 AM EDT

Jefferies US Interactive Entertainment Team reiterated a Buy rating and raised his price target on Activision Blizzard (NASDAQ: ATVI) to $55.00 (from $45.00)

They commented, "Overwatch has already generated $500MM in sales since its launch in May, well ahead of our prior $400MM... More

Activision Blizzard (ATVI) PT Raised to $46 at Piper Jaffray on Upside Driven by Overwatch and Call of Duty DLC

August 5, 2016 7:04 AM EDT

Piper Jaffray analyst Michael Olson reiterated an Overweight rating and lifted his price target on Activision Blizzard (NASDAQ: ATVI) to $46.00 (from $42.00) following Q2 upside on Overwatch and Call of Duty DLC.

Olson commented, "Activision's Q2'16 results were above consensus and mgmt.... More

Activision revenue surges on "Overwatch" launch, "Candy Crush" deal

August 4, 2016 4:12 PM EDT

By Anya George Tharakan

(Reuters) - Activision Blizzard Inc reported a 50.4 percent surge in quarterly revenue on Thursday, propelled by the popularity of the newly-launched "Overwatch" game and the boost from the acquisition of "Candy Crush" maker King Digital.

Activision's total adjusted revenue, which excludes deferred revenue and related costs, rose to $1.57 billion in the second quarter ended June 30 from $1.04 billion a year earlier.

"With Overwatch's incredibly successful launch, Call of Duty's record first half performance, and Candy Crush's continued growth as key drivers of our overall performance, we delivered a record Q2," Chief Executive Bobby Kotick... More