In a report released yesterday, Colin Sebastian from Robert W. Baird maintained a Hold rating on Activision Blizzard (ATVI – Research Report), with a price target of $95.00. The company’s shares closed last Tuesday at $79.32.
According to TipRanks.com, Sebastian is a 5-star analyst with an average return of 10.2% and a 51.2% success rate. Sebastian covers the Technology sector, focusing on stocks such as Playtika Holding, Corsair Gaming, and Meta Platforms.
Currently, the analyst consensus on Activision Blizzard is a Moderate Buy with an average price target of $95.00, implying a 18.8% upside from current levels. In a report released yesterday, Raymond James also reiterated a Hold rating on the stock.
The company has a one-year high of $86.90 and a one-year low of $56.40. Currently, Activision Blizzard has an average volume of 5.2M.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATVI in relation to earlier this year. Most recently, in May 2022, Robert Morgado, a Director at ATVI bought 44,000 shares for a total of $632,500.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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