Market Overview

UPDATE: Bank of America Raises PT on Activision Blizzard on Optimistic Transaction Outlook

Share:
Related ATVI
Jefferies Names Winners For Its 10 Internet Themes
GameStop Shares Are Well Positioned To Rebound In 2017
What Mobile Gaming Will Bring To Activision (Seeking Alpha)

In a report published Friday, Bank of America reiterated its Neutral rating on Activision Blizzard (NASDAQ: ATVI), and slightly raised its price target from $14.00 to $14.50.

Bank of America noted, “Activision is an Interactive entertainment industry leader with a strong title portfolio and the leading position in the Online/MMO space post Vivendi merger. Growth drivers are new PC titles from Blizzard, new online services for World of Warcraft and Starcraft franchises, and digital revenues from Call of Duty. Given industry challenges and Activision's slowing growth profile, offset by margin improvement opportunities, the stock should trade at a 10-15x forward P/E, in our view.”

Activision Blizzard closed on Thursday at $12.06.

Latest Ratings for ATVI

DateFirmActionFromTo
Nov 2016BMO CapitalMaintainsMarket Perform
Oct 2016MizuhoInitiates Coverage OnOutperform
Sep 2016Morgan StanleyInitiates Coverage onOverweight

View More Analyst Ratings for ATVI
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Price Target Analyst Ratings

 

Related Articles (ATVI)

View Comments and Join the Discussion!