UBS Raises Estimates for Activision (ATVI)

UBS raised their projected revenue and EPS of Activision Blizzard, Inc's (NASDAQ: ATVI). They see a q1 revenue of $554MM and $0.04 EPS. Previously, they estimated revenue of $538MM and $0.03 EPS.

Analysts maintained a previously established Buy rating and $14.00 price target.

This is a result of better than expected sales of ATVI’s Call of Duty: Modern Warfare 2. UBS analysts are also looking forward to the recently announced map pack for MW2. The announcement of this map pack comes in tandem with the GDC and the SXSW conferences.

The Modern Warfare 2 ‘stimulus’ map pack will be released on 3/30 and will include 5 multiplayer maps. The price will be 1200 Microsoft Point ($14.99).