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Activision Blizzard (ATVI) Received its Third Buy in a Row


After Piper Jaffray and Jefferies gave Activision Blizzard (NASDAQ: ATVI) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Michael Pachter maintained a Buy rating on Activision Blizzard today and set a price target of $100. The company’s shares closed yesterday at $83.02, close to its 52-week high of $84.68.

According to TipRanks.com, Pachter is a 3-star analyst with an average return of 0.9% and a 53.9% success rate. Pachter covers the Services sector, focusing on stocks such as AMC Entertainment, Best Buy Co, and IMAX Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Activision Blizzard with a $85.92 average price target, which is a 3.5% upside from current levels. In a report issued on September 21, Argus Research also maintained a Buy rating on the stock with a $90 price target.

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The company has a one-year high of $84.68 and a one-year low of $57.29. Currently, Activision Blizzard has an average volume of 6.2M.

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Activision Blizzard, Inc. engages in the development and publication of interactive entertainment. It operates through the following segments: Activision, Blizzard, and King. The Activision segment develops and publishes interactive software products and entertainment content, particularly for the console platform.