Market Overview

UPDATE: Piper Jaffray Upgrades Activision Blizzard to Overweight on Fundamentals and Sentiment

Related ATVI
Activision Blizzard Has Been Investing In Content (And It's Been Paying Off)
Game On For Online Gaming Investments
Dividend Ideas: Superior Returns From Shrinking Shares (Seeking Alpha)

Piper Jaffray raised its rating on Activision Blizzard (NASDAQ: ATVI) from Neutral to Overweight and increased its price target from $13 to $14.

Piper Jaffray commented, "We are upgrading shares of ATVI to Overweight ahead of a fall line-up that includes a new Skylanders, World of Warcraft and Call of Duty titles. Activision has out-executed peers during recent periods, yet the stock has remained range-bound amid lukewarm investor sentiment. Looking ahead, a streamlined franchise-focused portfolio is positioned to outperform conservative expectations and sentiment is positioned to improve as risk-averse investors discover the reliability of Activision's business model. An increasingly Blizzard-centric pipeline and third iteration of Skylanders should help to "cushion" fundamentals as we transition to the next console."

Activision Blizzard closed at $11.82 on Wednesday.

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 Upgrades Pre-Market Outlook Analyst Ratings


Related Articles (ATVI)

Get Benzinga's Newsletters