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ATVI

Activision Blizzard

$41.68

1.57 (3.91%)

05:14
02/13/19
02/13
05:14
02/13/19
05:14

Activision target lowered to $52 after 'year to forget' at Piper Jaffray

Activision Blizzard's 2018 "was a year to forget" and 2019 is about re-balancing resources to focus on areas of potential growth, Piper Jaffray analyst Michael Olson tells investors in a post-earnings research note. The company posted Q4 revenue below and earnings in-line with consensus, while its 2019 guidance is below the Street, as expected, adds the analyst. Olson maintains an Overweight rating on Activision Blizzard and lowered his price target for the shares to $52 from $55.

  • 14

    Feb

ATVI Activision Blizzard
$41.68

1.57 (3.91%)

01/30/19
01/30/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. United Continental (UAL) initiated with a Buy at Argus. 2. Amicus (FOLD) initiated with an Overweight at Cantor Fitzgerald. 3. Take-Two (TTWO) and Zynga (ZNGA) were initiated with a Buy at Goldman Sachs, while Electronic Arts (EA) and Activision Blizzard (ATVI) were initiated with a Neutral. 4. Sirius XM (SIRI) resumed with a Buy at B. Riley. 5. National Grid (NGG) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/04/19
JPMS
02/04/19
NO CHANGE
Target $228
JPMS
Overweight
Activision, Sonos, Netflix offer best strategic fits for Apple, says JPMorgan
Despite Apple (AAPL) itself offering no comments on the subject or giving any indication to investors of its intentions, potential acquisition targets for the company have been widely discussed in press reports on a regular basis, JPMorgan analyst Samik Chatterjee tells investors in a research note. The speculation has included a wide range of industries, from automobile manufacturers, like Tesla (TSLA), to information platforms, like Twitter (TWTR), adds the analyst. He believes the speculation has likely in part been driven by the $130B of net cash on Apple's balance sheet. Chatterjee finds three industries to be of the most strategic value to Apple for potential deals: Video gaming, smart home speaker and video content. These areas provide potential growth opportunities to leverage Apple's services over a wider installed base, says the analyst. In video gaming, he sees Activision Blizzard (ATVI) as being the best strategic fit for Apple. In smart home speaker, Chatterjee believes Sonos (SONO) offers the best strategic of the names mentioned in the press. And in video content, the analyst views Netflix (NFLX) as the best strategic fit, although he "appreciates a combination is less likely as Netflix is unlikely to be a seller for a modest premium."
02/04/19
BTIG
02/04/19
NO CHANGE
Target $142
BTIG
Buy
BTIG says 'no reason to doubt' Take-Two's ability to execute
BTIG analyst Brandon Ross reiterated a Buy rating and $142 price target on Take-Two (TTWO), telling investors in a research note that while EA (EA) and Activision Blizzard (ATVI) are meaningfully off their highs, Take-Two has continued to outperform, with the establishment of Red Dead Redemption 2 as a massive new franchise and recurrent spending growth that has exceeded expectations, but its stock has declined in sympathy with its peers. Ross says that while questions have arisen at the other publishers, "we do not have any reason to doubt" Take-Two's ability to execute.
02/11/19
BNCH
02/11/19
NO CHANGE
Target $68
BNCH
Buy
Activision Blizzard price target lowered to $68 ahead of earnings at Benchmark
Benchmark analyst Mike Hickey previewed Activision Blizzard's Q4 results, stating that he remains cautious about near-term growth expectations given the uncertainty he sees around mobile and advertising performance contributions. The company's "clandestine restructuring" continues, said Hickey. The Fly notes that late last week Bloomberg cited people familiar with the matter in anticipating Activision Blizzard will announce layoffs Tuesday as part of the company's restructuring intended to centralize some of its functions. Hickey lowered his price target on Activision Blizzard shares to $68 from $87 ahead of the company's report but keeps a Buy rating, citing his view of its strong medium-term growth opportunity.

TODAY'S FREE FLY STORIES

TEX

Terex

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CZR

Caesars

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ERJ

Embraer

$20.85

0.17 (0.82%)

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Boeing

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6.57 (1.57%)

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BXG

Bluegreen Vacations

$14.47

0.55 (3.95%)

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SM

SM Energy

$16.88

-0.13 (-0.76%)

17:57
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AN

AutoNation

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TSLA

Tesla

$294.60

3.42 (1.17%)

, NSANY

Nissan

$0.00

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Tesla

$294.60

3.42 (1.17%)

NSANY

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FSFG

First Savings Financial Group

$51.33

0.22 (0.43%)

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First Savings Financial raises quarterly dividend to 16c per share from 15c »

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MSFT

Microsoft

$110.97

1.5 (1.37%)

17:31
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Periodicals
Employees demand Microsoft cancel $480M U.S. Army contract, Reuters says »

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ENT

Global Eagle

$2.66

(0.00%)

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NOC

Northrop Grumman

$288.84

2.54 (0.89%)

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LYB

LyondellBasell

$89.14

0.63 (0.71%)

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TCCO

Technical Comm Corp

$2.76

0.17 (6.56%)

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INFU

InfuSystem

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KALU

Kaiser Aluminum

$108.22

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ALDR

Alder Biopharmaceuticals

$14.35

0.19 (1.34%)

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RF

Regions Financial

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HL

Hecla Mining

$2.59

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

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CELG

Celgene

$89.15

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TEN

Tenneco

$36.29

0.76 (2.14%)

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TEN

Tenneco

$36.29

0.76 (2.14%)

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  • 25

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XRX

Xerox

$31.50

0.16 (0.51%)

16:44
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Conference/Events
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  • 28

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TWTR

Twitter

$31.70

0.94 (3.06%)

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  • 25

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ALLY

Ally Financial

$26.95

-0.07 (-0.26%)

16:34
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