Wedbush Maintains Outperform Rating and $19 PT on Activision Blizzard

A report fro Wedbush reiterates its Outperform rating and $19 price target on Activision Blizzard (NASDAQ: ATVI).

The report states, “Pro forma revenue was $627 million, compared with our estimate of $600 million, the consensus estimate of $558 million, and guidance of $530 million. Pro forma EPS was $0.07, compared with our estimate of $0.04, the consensus estimate of $0.02, and guidance of $0.01."

ATVI closed yesterday at $13.93.