Price Target Update on Activision Blizzard Inc (NASDAQ:ATVI)

Activision Blizzard Inc (NASDAQ:ATVI) : The consensus price target for Activision Blizzard Inc (NASDAQ:ATVI) is $42.13 for the short term with a standard deviation of $3.34. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $32.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Activision Blizzard Inc (NASDAQ:ATVI). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $42 per share from a prior target of $38. The rating by the firm was issued on June 16, 2016.

Activision Blizzard Inc (NASDAQ:ATVI): stock turned positive on Thursday. Though the stock opened at $38.66, the bulls momentum made the stock top out at $39.06 level for the day. The stock recorded a low of $38.4 and closed the trading day at $38.92, in the green by 1.57%. The total traded volume for the day was 5,674,095. The stock had closed at $38.32 in the previous days trading.

The company shares have rallied 50.87% from its 1 Year high price. On May 27, 2016, the shares registered one year high at $39.99 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $38.04 and the 200 Day Moving Average price is recorded at $35.20. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Morhaime Michael, officer (Pres. & CEO-Blizzard Ent.) of Activision Blizzard, Inc., had unloaded 1,150,000 shares at an average price of $38.15 in a transaction dated on June 13, 2016. The total value of the transaction was worth $43,872,500.

Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Companys operating segments include Activision Publishing, Inc. and its subsidiaries, Blizzard Entertainment, Inc. and its subsidiaries, and Activision Blizzard Distribution.

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