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Activision Blizzard (ATVI) Gets a Hold Rating from Wells Fargo

In a report released today, Brian Fitzgerald from Wells Fargo maintained a Hold rating on Activision Blizzard (ATVIResearch Report), with a price target of $95.00. The company’s shares closed last Monday at $79.50.

According to TipRanks.com, Fitzgerald is a top 100 analyst with an average return of 29.1% and a 65.4% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Integral Ad Science, LiveRamp Holdings, and Alphabet Class A.

Activision Blizzard has an analyst consensus of Moderate Buy, with a price target consensus of $95.25.

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Based on Activision Blizzard’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.16 billion and net profit of $564 million. In comparison, last year the company earned revenue of $2.41 billion and had a net profit of $509 million.

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Activision Blizzard, Inc. is one of the world’s largest interactive entertainment companies, with it developing and publishing console, online and mobile games. The company operates through three business segments: Activision, Blizzard, and King. The Activision unit develops and publishes interactive software products and entertainment content for the console, and the Blizzard and King segments focus on PC and mobile platforms.

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