Market Overview

UPDATE: Piper Jaffray Raises Activision Blizzard's PT

Related ATVI
Activision Blizzard Has Been Investing In Content (And It's Been Paying Off)
Game On For Online Gaming Investments
5 Scary Good Stocks for October (Zacks)

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

Oct 2015Stifel NicolausMaintainsBuy
Sep 2015Piper JaffrayMaintainsOverweight
Sep 2015BairdMaintainsOutperform

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!

Get Benzinga's Newsletters