Market Overview

UPDATE: Credit Suisse Maintains Outperform Rating on Activision Blizzard with $16 PT

Related ATVI
Mattel (MAT) Misses Q2 Earnings Estimates on Weak Sales
Top 4 NASDAQ Stocks In The Multimedia & Graphics Software Industry With The Highest Profit Margin

Credit Suisse has maintained its Outperform rating on Activision Blizzard Inc. (NASDAQ: ATVI) with a price target of $16.

Credit Suisse noted, "we maintain our Outperform rating and $16 target. The 3QFY12 result illustrates ATVI's ability to not only maintain its existing franchises as WoW subscribers returned to over 10mm after Pandaria's release, but also to nurture new ones as Skylanders Giants has already contributed over $500mm in revenue. The results affirm our investment thesis predicated on high-quality content, execution, and long-term tactical outlook throughout the CPG/online transition. Management offered some initial thoughts on 2013, and we are not surprised to hear a conservative tone given the tough comps that Diablo 3 presents."

Activision Blizzard closed at $11.13 on Wednesday.

Posted-In: Credit SuisseAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (ATVI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters