uploads///part  atvi

Activision Blizzard: Analysts’ Recommendations in April

By

Apr. 9 2019, Updated 10:15 a.m. ET

Activision Blizzard

Activision Blizzard (ATVI) has risen 2.9% this year based on its closing prices on April 8. Electronic Arts (EA) has risen 24.1% YTD (year-to-date), while GameStop (GME) and Take-Two Interactive Software (TTWO) have lost 18.6% and 8.4%, respectively, YTD.

Article continues below advertisement

Analysts’ recommendations

For Activision Blizzard, among the analysts polled by Thomson Reuters on April 8, eight analysts recommended a “strong buy,” 14 analysts recommended a “buy,” and 11 analysts recommended a “hold.” The stock’s mean consensus target price is $52.7, which represents a potential upside of 10.8%. Earlier this month, Activision Blizzard received a boost due to a bullish note from Wedbush. CNBC reported that Wedbush added Activision Blizzard to its “best idea” list. Wedbush thinks that Activision Blizzard could deliver a “significant outperformance” in 2019. Most brokerages have been bearish on Activision Blizzard this year. Wedbush lowered Activision Blizzard’s target price in February. On March 28, Bernstein also lowered Activision Blizzard’s target price.

Earnings estimates

Activision Blizzard is expected to post revenues of $1.2 billion in the first quarter. The company posted revenues of $2.8 billion in the fourth quarter and $1.4 billion in the first quarter of 2018. The company missed the revenue estimates in the fourth quarter. Take-Two Interactive Software and Electronic Arts also missed the revenue estimates in the last quarter. Activision Blizzard is expected to post an EPS of $0.26 in the first quarter. Activision Blizzard generated an EPS of $1.29 in the fourth quarter and $0.38 in the first quarter of 2018.

Advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.