Activision Blizzard (NASDAQ:ATVI) Target Raised by Benchmark Co. to $85.00

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Activision Blizzard stock has undergone multiple analysts rating changes in the recent past.  Activision Blizzard stock Target Raised by   Benchmark Co. on 6/29/2020. In a note to investors, the firm issued a new target price of $85.00. The analysts previously had $77.00 target price. Benchmark Co.’s price target would indicate a potential upside of 11.26% from the stock’s previous close.

Shares of Activision Blizzard traded down -$0.44 on Monday, reaching $75.96. 1733141 shares of the stock traded hands, compared to its average volume of 7922205. Shares of were trading at $75.96 on Monday. The firm’s 50 day moving average is $$71.25 and its 200 day moving average is $60.88.Activision Blizzard  has a 12 month low of $74.93 and a 12 month high of $77.63. While on yearly highs and lows, Activision Blizzard today has traded high as $76.52 and has touched $74.93 on the downward trend.

Activision Blizzard Earnings and What to expect: 

Activision Blizzard last issued its earnings data on May 5th, 2020. The reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.20. The business earned $1.52 billion during the quarter, compared to analyst estimates of $1.32 billion. Its revenue was up 21.0% compared to the same quarter last year. Activision Blizzard has generated $2.08 earnings per share over the last year and currently has a price-to-earnings ratio of 37.8. Activision Blizzard has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, August 13th, 2020 based off prior year’s report dates.

Earnings for Activision Blizzard are expected to grow by 12.35% in the coming year, from $2.51 to $2.82 per share. The P/E ratio of Activision Blizzard is 37.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.89. The P/E ratio of Activision Blizzard is 37.82, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 31.04. Activision Blizzard has a PEG Ratio of 1.62. PEG Ratios above 1 indicate that a company could be overvalued. Activision Blizzard has a P/B Ratio of 4.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 1.13%
  • On 5/27/2020 CAO Jesse Yang Buy 400 at average share price of $68.52 which equates to $27,408.00 in money value.
  • On 5/19/2020 CAO Jesse Yang Buy 500 at average price of  $73.00 with total value of : Not Data Available
  • On 5/18/2020 Director Brian G. Kelly Sell 50,000 at average price of  $73.28 with total value of : $3,664,000.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Activision Blizzard

  • 6/25/2020 – Activision Blizzard had its price target raised by analysts at KeyCorp from $80.00 to $83.00. They now have an “overweight” rating on the stock.
  • 6/15/2020 – Activision Blizzard had its “buy” rating re-affirmed by analysts at Jefferies Financial Group Inc. They now have a $80.00 price target on the stock.
  • 6/10/2020 – Activision Blizzard had its “buy” rating re-affirmed by analysts at Morgan Stanley.
  • 6/9/2020 – Activision Blizzard had its price target raised by analysts at Morgan Stanley from $76.00 to $80.00. They now have an “overweight” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Benchmark Co.: 

  • 6/26/2020 – Progress Software had its price target raised by analysts at Benchmark Co. from $39.00 to $43.00. They now have a “buy” rating on the stock.
  • 6/26/2020 – Group 1 Automotive had its price target raised by analysts at Benchmark Co. from $79.00 to $100.00. They now have a “buy” rating on the stock.
  • 6/25/2020 – Union Pacific had its price target raised by analysts at Benchmark Co. from $165.00 to $185.00. They now have a “buy” rating on the stock.
  • 6/24/2020 – Sinclair Broadcast Group had its price target lowered by analysts at Benchmark Co. from $35.00 to $30.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Activision Blizzard (NASDAQ:ATVI) Moving Average Technical Analysis

5 day Moving Average is $$76.15 And 5 day price change is -$0.18 (-0.24%)  with average volume for 5 day average is 7,037,980. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $73.49 and 20 day price change is $4.42 (6.14%) and average 20 day moving volume is 7,635,330. 50 day moving average is $71.25  and 50 day price change is $8.35 ( 12.27%)  and with average volume for 50 days is : 8,249,574. 200 day moving average is $60.88  and 200 day price change is $21.49 (39.14%)  and with average volume for 200 days is : 7,599,815.

See More Analyst Rating at: RATING