Shares of Activision Blizzard, Inc. ATVI spiked last week after the company reported record results for its fiscal first quarter, and raised its guidance for the full year. And, even though the stock was trading down on Tuesday afternoon, the Vetr crowd seems to believe the road up will continue.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
On Tuesday, top raters at the Vetr community decided to upgrade their rating on the stock from 3.0 Stars (Hold) to 4.0 Stars (Buy) - out of a possible 5.0 Stars rating. The new rating better reflects the crowd’s average price target of $39.37 which implies an upside potential of more than 8 percent from current valuations.
Finally, it should be noted that only 64 percent of the crowd's ratings on the videogame maker are bullish, implying that top raters are more optimistic than the crowd as a whole.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
