Short Term Price Target on Activision Blizzard Inc (ATVI)

Activision Blizzard Inc (NASDAQ:ATVI) : The most positive equity analysts on Activision Blizzard Inc (NASDAQ:ATVI) expects the shares to touch $45, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $42.13 with an expected fluctuation of $3.34 from the mean.

Shares of Activision Blizzard, Inc. rose by 1.82% in the last five trading days and 2.54% for the last 4 weeks. Activision Blizzard, Inc. is up 15.14% in the last 3-month period. Year-to-Date the stock performance stands at 3.21%. Also, Major Brokerage house, Barclays maintains its ratings on Activision Blizzard Inc (NASDAQ:ATVI). In the latest research report, Barclays raises the target price from $38 per share to $42 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on June 16, 2016.

Activision Blizzard Inc (NASDAQ:ATVI) has an average broker rating of 1.44, which is interpreted as a Strong Buy, as rated by 16 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Activision Blizzard Inc (NASDAQ:ATVI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.23 and $38.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.63, notching a gain of 4.23% for the day. The total traded volume was 15,052,960 . The stock had closed at $38.02 on the previous day.

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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