After Benchmark Co. and Piper Jaffray gave Activision Blizzard (NASDAQ: ATVI) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Andrew Uerkwitz assigned a Buy rating to Activision Blizzard yesterday. The company’s shares closed yesterday at $71.66.
According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 22.7% and a 62.4% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise Inc, Himax Technologies, and Turtle Beach Corp.
Currently, the analyst consensus on Activision Blizzard is Strong Buy and the average price target is $80, representing an 11.6% upside.
In a report issued on May 4, Wedbush also maintained a Buy rating on the stock with a $81 price target.
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The company has a one-year high of $79.63 and a one-year low of $54.94. Currently, Activision Blizzard has an average volume of 6.36M.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Stephen Wereb, the CAO of ATVI sold 120,521 shares for a total of $8,722,521.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Activision Blizzard, Inc. engages in the development and publication of interactive entertainment. It operates through the following segments: Activision Publishing, Inc, Blizzard Entertainment, Inc., King Digital Entertainment and Other.
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