Barclays analyst Ryan Gee maintained a Buy rating on Activision Blizzard (ATVI) on January 11 and set a price target of $59. The company’s shares closed on Friday at $46.54, close to its 52-week low of $43.71.
According to TipRanks.com, Gee is ranked #4511 out of 5140 analysts.
Currently, the analyst consensus on Activision Blizzard is a Strong Buy with an average price target of $68.53, implying a 47.2% upside from current levels. In a report issued on January 2, Oppenheimer also assigned a Buy rating to the stock with a $68 price target.
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Based on Activision Blizzard’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.51 billion and net profit of $260 million. In comparison, last year the company earned revenue of $2.04 billion and had a GAAP net loss of $584 million.
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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.
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