Market Overview

Vetr Downgrades Activision Blizzard Following Announcement of 'Destiny 2'

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The Vetr community is bearish on Activision Blizzard, Inc. (NASDAQ: ATVI) despite the company’s shares trading up over 16 percent over the past three months entering Wednesday’s open. That said, the Vetr community has downgraded Activision Blizzard from 4.5 stars to 4 stars. The company’s first quarter earnings report showed sufficient beats on EPS and revenue estimates, and Thursday Activision Blizzard announced a September rollout date for their newest product, Destiny 2.

See how crowdsourced ratings can help predict the market?

Vetr members have given Activision Blizzard a buy rating and a $64.63 price target. This price target is higher than the $49.40 price target from Wall Street analysts. The company opened Wednesday around $57.

Of all Vetr raters, over 73 percent believe traders and investors should sell Activision Blizzard stock.

For Vetr’s full analysis of Activision Blizzard, go here.
 

Posted-In: VetrNews Crowdsourcing General

 

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