Wedbush analyst Michael Pachter maintained a Buy rating on Activision Blizzard (NASDAQ: ATVI) today and set a price target of $81. The company’s shares closed on Friday at $65.79.
According to TipRanks.com, Pachter is ranked 0 out of 5 stars with an average return of -3.3% and a 48.0% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Pandora Media.
Currently, the analyst consensus on Activision Blizzard is Strong Buy and the average price target is $80.56, representing a 22.5% upside.
In a report issued on April 19, Benchmark Co. also maintained a Buy rating on the stock with a $80 price target.
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Activision Blizzard’s market cap is currently $49.84B and has a P/E ratio of 182.75. The company has a book value ratio of 5.2670.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Last month, 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.
