SunTrust analyst Matthew Thornton raised his price target on Activision Blizzard to $61 and kept his Buy rating, saying the company is positioned for a best-among-peers high single digit revenue growth and low-teen earnings growth over the next two years. The analyst is also positive on the company's strong balance sheet and cash flow profile, adding that it has "executed well" recently with the success tally that includes "WoW Classic, CoD Mobile, and CoD Modern Warfare". Thornton further notes Activision Bllizzard's "robust pipeline" that includes CoD E-sports, Diablo Immortals, Overwatch 2, Diablo 4, CoD Mobile-China, Overwatch Mobile, and WoW Mobile.