Activision Blizzard on the Street: Analyst Price Targets in March 2018

Activision Blizzard’s stock returns

Activision Blizzard (ATVI) has returned 53% in the trailing-12-month period, 11.6% in the past month, and 2.7% in the trailing-five-day period. The stock fell 6% in 2016, then rose spectacularly by 76% in 2017, and it has increased 20% since the start of 2018.

By comparison, peers Electronic Arts (EA), Zynga (ZNGA), Take-Two Interactive (TTWO), and NetEase (NTES) have generated returns of 40%, 32%, 91%, and 10%, respectively, in the trailing-12-month period.

Activision Blizzard on the Street: Analyst Price Targets in March 2018

Analyst recommendations and price targets

Of the 29 analysts tracking ATVI, 22 have recommended a “buy,” while seven have recommended a “hold,” and none has recommended a “sell.” The analysts’ 12-month average price target for ATVI is $76.58, with a median target estimate of $77. ATVI is now trading at a discount of just 1.4% to the analysts’ median estimate.

Moving averages

On March 13, ATVI closed the trading day at $75.93. Based on that price, the stock’s moving averages are as follows:

  • 13.3% above its 100-day moving average of $67.03
  • 7.6% above its 50-day moving average of $70.57
  • 4.1% above its 20-day moving average of $72.92

ATVI is now trading 59% above its 52-week low of $47.8 and 4.6% below its 52-week high of $79.63.

Relative strength and moving average convergence divergence

ATVI’s 14-day MACD (moving average convergence divergence) is 1.5. Remember, a stock’s MACD marks the difference between its short-term and long-term moving averages. ATVI’s positive MACD indicates an upward trading pattern.

ATVI has a 14-day RSI (relative strength index) score of 66, which shows that the stock is trading close to overbought territory. An RSI above 70 indicates that a stock has been overbought, while an RSI below 30 suggests that a stock has been oversold.