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Fly News Breaks for February 7, 2020
ATVI
Feb 7, 2020 | 08:50 EDT
Needham analyst Laura Martin raised her price target on Activision Blizzard to $75 and kept her Buy rating after its Q4 earnings, with non-GAAP EPS of $1.23 topping consensus estimates. The analyst says she was particularly positive on the company's mobile Call of Duty strategy, expanding the title's total addressable market, as well as on its "fuller pipeline" and the 80% advertising growth at King.
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