Activision Blizzard Inc (ATVI) : Currently there are 14 street experts covering Activision Blizzard Inc (ATVI) stock. The most bullish and bearish price target for the stock is $55 and $32 respectively for the short term. The average price target of all the analysts comes to $45.64. The estimated standard deviation from the target is $5.23.
Activision Blizzard Inc (ATVI) : 10 brokerage houses believe that Activision Blizzard Inc (ATVI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Activision Blizzard Inc (ATVI). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 1.6.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Activision Blizzard Inc (NASDAQ:ATVI). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $42 per share to $45 per share. The rating by the firm was issued on August 5, 2016.
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 $41.44 and $41.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.15, notching a gain of 1.89% for the day. The total traded volume was 7,821,223 . The stock had closed at $41.37 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.