Market Overview

UPDATE: Piper Jaffray Raises Activision Blizzard's PT

Share:
Related ATVI
Activision Blizzard Remains A Favorite Idea At Cowen
Vetr Crowd: Activision Blizzard Now A Strong Buy
–… Years of Strong Returns: NetEase, Activision Blizzard (GuruFocus)

According to a research report published this morning, Piper Jaffray has increased Activision Blizzard's (NASDAQ: ATVI) PT from $12 to $13.

In the report, Piper Jaffray said, "Activision reported a solid Q1 and revised full year guidance slightly higher. While the business continues to deliver solid results quarter in and quarter out, ATVI shares remain range-bound. Three key questions have held back the shares in our view: #1) At what rate will the first person shooter genre grow or decline and will ATVI remain the share leader?, #2) Will Skylanders hit $500m in sales during '12 and be able to grow that double-digits in '13?, and #3) Will World of Warcraft sub numbers remain stable during the remainder of '12? The answers to these questions remain elusive and we remain Neutral rated."

Piper Jaffray maintains its Neutral rating on Activision Blizzard, which is currently trading at $12.76.

Latest Ratings for ATVI

DateFirmActionFromTo
Jun 2016BarclaysMaintainsOverweight
Apr 2016BMO CapitalInitiates Coverage onMarket Perform
Mar 2016Hilliard LyonsDowngradesBuyLong-term Buy

View More Analyst Ratings for ATVI
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Analyst Ratings

 

Related Articles (ATVI)

View Comments and Join the Discussion!