Activision Blizzard Given New $26.00 Price Target at Stifel Nicolaus (ATVI)

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Analysts at Stifel Nicolaus lifted their price objective on shares of Activision Blizzard (NASDAQ:ATVI) from $24.00 to $26.00 in a research report issued to clients and investors on Thursday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 25.06% from the company’s current price.

Shares of Activision Blizzard (NASDAQ:ATVI) traded up 0.05% on Thursday, hitting $20.80. 975,808 shares of the company’s stock traded hands. Activision Blizzard has a 1-year low of $13.27 and a 1-year high of $21.50. The stock has a 50-day moving average of $19.96 and a 200-day moving average of $18.53. The company has a market cap of $14.872 billion and a P/E ratio of 23.63.

Activision Blizzard (NASDAQ:ATVI) last released its earnings data on Tuesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $688.23 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect that Activision Blizzard will post $1.31 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $25.00 price target on the stock, up previously from $24.00. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $30.00 price target on the stock, up previously from $22.00. Finally, analysts at Brean Capital reiterated a “buy” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $24.00 price target on the stock, up previously from $23.00. Twelve analysts have rated the stock with a buy rating, Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $24.06.

Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.

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