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ATVI

Activision Blizzard

$48.64

1.26 (2.66%)

, TTWO

Take-Two

$108.24

2.87 (2.72%)

05:21
01/22/19
01/22
05:21
01/22/19
05:21

NPD video game sales declined 4% in December, says Piper Jaffray

Overall December NPD video game sales declined 4% year-over-year, but was up 2% for the full December quarter, Piper Jaffray analyst Michael Olson tells investors in a research note. Red Dead Redemption 2 from Take-Two (TTWO), Activision's (ATVI) Black Ops 4 and Nintendo's Super Smash Bros. Ultimate were the top titles for the quarter, Olson adds. He maintains Overweight ratings on Activision Blizzard, Take-Two and Electronic Arts (EA).

ATVI

Activision Blizzard

$48.64

1.26 (2.66%)

TTWO

Take-Two

$108.24

2.87 (2.72%)

EA

Electronic Arts

$92.50

3.19 (3.57%)

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ATVI Activision Blizzard
$48.64

1.26 (2.66%)

01/15/19
PIPR
01/15/19
NO CHANGE
PIPR
Overweight
Video game stocks have potential to rebound in 2019, says Piper Jaffray
Video game publishers have the potential to rebound in 2019 following a recent "rough patch" that included the rise of Fortnite, an overcrowded second half of 2018 title slate, and a broader market downdraft that weighed on shares, Piper Jaffray analyst Michael Olson tells investors in a research note. The analyst is "particularly confident" in Electronic Arts (EA) and Take-Two Interactive (TTWO) in 2019, his number one and two picks in the space. However, he believes Activision Blizzard (ATVI), his number three pick, "could lag due to a relatively weak title slate." Olson's video game publisher seasonality analysis shows a consistent pattern of outperformance from the beginning of March through the end of June for the video game stocks. Said differently, in the next six-to-eight weeks we will enter a period that has historically been favorable for video game publisher shares, Olson writes. He maintains an Overweight rating on all three names.
01/15/19
BTIG
01/15/19
NO CHANGE
Target $63
BTIG
Buy
Activision Blizzard price target lowered to $63 from $88 at BTIG
BTIG analyst Brandon Ross lowered his price target on Activision Blizzard to $63 and also reduced his FY19 EPS view to $2.72 from $3.20 to reflect the retreat in consensus estimates after the company's "revealed weakness" in its Q3 earnings call. The analyst also points to the "uncertainty around Blizzard's release schedule and the severance of a deal with Bungie which meant the loss of the Destiny franchise". Longer term, Ross keeps his Buy rating on the stock and expects Activision Blizzard to re-accelerate growth next year as the management optimizes its cost structure while also pursuing a "large mobile opportunity", adding that its 2020 catalysts include Overwatch expansion and Diablo 4 launch.
01/16/19
SPHN
01/16/19
NO CHANGE
Target $125
SPHN
Overweight
Stephens a buyer of Electronic Arts shares on Star Wars headline weakness
Stephens analyst Jeff Cohen noted that Kotaku reported that Electronic Arts (EA) has canceled its "Star Wars" open world game, which it will replace with a smaller "Star Wars" game. While he acknowledges the headlines will not help sentiment and will renew questions about the company's "Star Wars" license, Cohen does not view the news as a material negative and would be a buyer of EA shares on any weakness related to the report. Cohen, who also contends that the uncertainty around the Destiny franchise, which Activision Blizzard (ATVI) is returning to Bungie, could have a positive impact the release of EA's Anthem, keeps an Overweight rating and $125 price target on Electronic Arts shares.
01/22/19
DBAB
01/22/19
INITIATION
Target $54
DBAB
Hold
Activision Blizzard initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Bryan Kraft started Activision Blizzard with a Hold rating and $54 price target.
TTWO Take-Two
$108.24

2.87 (2.72%)

01/16/19
01/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Mercantil Bank (AMTB) initiated with a Buy at SunTrust. 2. ViewRay (VRAY) initiated with a Buy at Guggenheim. 3. PTC (PTC) initiated with a Buy at Deutsche Bank. 4. Altice USA (ATUS) and Charter (CHTR) were initiated with a Buy at TD Securities. Charter (CHTR) was also initiated with a Neutral at Nomura Instinet. 5. Take-Two (TTWO) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/22/19
DBAB
01/22/19
INITIATION
Target $130
DBAB
Buy
Take-Two initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Bryan Kraft started Take-Two Interactive Software with a Buy rating and $130 price target.
01/16/19
GABE
01/16/19
INITIATION
Target $136
GABE
Buy
Take-Two initiated with a Buy at Gabelli
Gabelli analyst initiated Take-Two with a Buy and Alec Boccanfuso $136 price target.
EA Electronic Arts
$92.50

3.19 (3.57%)

01/17/19
JEFF
01/17/19
DOWNGRADE
Target $95
JEFF
Hold
Jefferies downgrades Electronic Arts to Hold, cuts target to $95 from $139
Jefferies analyst Timothy O'Shea downgraded Electronic Arts to Hold from Buy and lowered his price target for the shares to $95 from $139. The company's key profit engine Ultimate Team is plateauing, O'Shea tells investors in a research note. Further, with a string of "mixed-reviewed" non-sports games, namely Mass Effect, Need for Speed and Star Wars Battlefront II, Electronic Arts "has a lot to prove as it brings a slate of unproven titles to market in 2019," says the analyst. He expects year-over-year operating income margin compression of 300 basis points in fiscal 2019 and views consensus earnings estimates as aggressive.
01/17/19
01/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Electronic Arts (EA) downgraded to Hold from Buy at Jefferies with analyst Timothy O'Shea saying the company's key profit engine Ultimate Team is plateauing. 2. First Data (FDC) downgraded to Neutral from Buy at Goldman Sachs and Mizuho, to Neutral from Overweight at Atlantic Equities, and to Market Perform from Outperform at Keefe Bruyette. 3. PulteGroup (PHM) downgraded to Sell from Neutral at BTIG with analyst Carl Reichardt citing valuation, sell-side optimism, and growing margin pressure. 4. Aegon (AEG) downgraded to Sell from Neutral at Citi. 5. Patterson-UTI (PTEN) downgraded to Neutral from Overweight at JPMorgan with analyst Sean Meakim saying while the company's Q4 rig count exceeded guidance, its exposure to smaller Exploration & Production companies increases its potential rig losses in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/22/19
DBAB
01/22/19
INITIATION
Target $100
DBAB
Hold
Electronic Arts initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Bryan Kraft started Electronic Arts with a Hold rating and $100 price target.
01/17/19
JEFF
01/17/19
DOWNGRADE
JEFF
Hold
Electronic Arts downgraded to Hold from Buy at Jefferies
Jefferies analyst Timothy O'Shea downgraded Electronic Arts to Hold.

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ANDE

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MobileIron

$5.03

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CWCO

Consolidated Water

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EVER

EverQuote

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Pixelworks

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CRWS

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BOXL

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CTEK

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EIDX

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SUMR

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NOAH

Noah Holdings

$46.87

0.5 (1.08%)

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ALDR

Alder Biopharmaceuticals

$13.72

0.21 (1.55%)

04:55
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Waste Connections

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WIFI

Boingo Wireless

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MKTX

MarketAxess

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MGA

Magna

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CYAD

Celyad

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AEE

Ameren

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PLYA

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EXTN

Exterran

$18.30

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04:55
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ITRM

Iterum Therapeutics

$5.63

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04:55
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