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Activision Blizzard (ATVI) Stock Forecast, Price & News

$78.19
+0.30 (+0.39%)
(As of 05/18/2023 ET)
Compare
Today's Range
$77.52
$78.35
50-Day Range
$74.59
$86.74
52-Week Range
$70.94
$87.01
Volume
5.27 million shs
Average Volume
7.14 million shs
Market Capitalization
$61.32 billion
P/E Ratio
33.27
Dividend Yield
0.60%
Price Target
$91.53

Activision Blizzard MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.1% Upside
$91.53 Price Target
Short Interest
Healthy
3.11% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.46mentions of Activision Blizzard in the last 14 days
Based on 40 Articles This Week
Insider Trading
Acquiring Shares
$1 M Bought Last Quarter
Proj. Earnings Growth
6.23%
From $3.53 to $3.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Consumer Discretionary Sector

111th out of 260 stocks

Prepackaged Software Industry

69th out of 213 stocks


ATVI stock logo

About Activision Blizzard (NASDAQ:ATVI) Stock

Activision Blizzard, Inc. is a leading video game publisher that develops and publishes interactive entertainment software worldwide. The company aims to create engaging and immersive entertainment experiences that delight players worldwide. The company is headquartered in Santa Monica, California and was formed in 2008 through the merger of Activision, Inc. and Vivendi Games. Activision Blizzard operates through three segments: Activision Publishing, Blizzard Entertainment, and King Digital Entertainment.

Activision Publishing develops and publishes console, PC, and mobile devices games. The company's popular franchises include Call of Duty, Crash Bandicoot, and Spyro. Blizzard Entertainment, known for its hugely popular World of Warcraft game, develops and publishes games primarily for PC and mobile devices. King Digital Entertainment, the mobile game development segment, focuses on developing and publishing mobile games, with a portfolio that includes Candy Crush, Bubble Witch, and Farm Heroes.

The company's target market consists of gamers of all ages and levels of experience. Its key customers include gamers passionate about interactive entertainment, esports enthusiasts, and game developers seeking to collaborate with the company to develop new games.

Robert Kotick is the Chief Executive Officer of Activision Blizzard Inc. Kotick has been with the company since 1991 and has served as CEO since 2008. He is a seasoned executive with a background in finance and has overseen the company's growth into one of the world's leading video game publishers.

Over the past few years, Activision Blizzard has seen changing revenue growth, with 2021 full-year net revenues reaching $8.1 billion, up 18% from the year before. However, in 2022 the company saw a revenue decline for the first time in three years, losing nearly $1 billion in revenue from the previous year. The company's profit margins have remained stable, with an operating margin of approximately 30%. The company has a declining balance sheet, with cash flow going from $1.8 billion in reserves in 2021 to a $3.35 billion deficit in 2022. 

Activision Blizzard's current market capitalization is around $65 billion. The company's price-to-earnings ratio is higher than the industry average, and the company's price-to-book is also higher than the industry average. These valuation metrics suggest that investors are willing to pay a premium for the company's potential. 

Activision Blizzard's stock has shown solid performance over the years, with a price increase of over 125% since the beginning of 2013, when the company's most popular games started taking off. However, the recent past has seen the stock experience volatility, with sharp fluctuations in response to various news events.

One significant event that affected the company's stock price was the controversy surrounding the alleged mistreatment of female employees, which resulted in a lawsuit by the California Department of Fair Employment and Housing. In July 2021, the news caused Activision Blizzard's stock to drop by more than 10% in a single day. Although the share price has since recovered, the incident has highlighted the potential risks associated with social and environmental issues in the gaming industry.

More recently, in February 2022, the company reported better-than-expected earnings for the fourth quarter of 2021, driven by solid sales of its Call of Duty franchise and news of a possible takeover of the company from Microsoft. This positive news resulted in an uptick in the company's stock price. However, ongoing concerns about the gaming industry's regulatory environment and the increasing competition in the mobile gaming space could impact the company's future market performance.

Activision Blizzard has a robust pipeline of new games and franchises that could fuel growth in the coming years. The company also invests heavily in mobile gaming, intending to expand its user base in emerging markets such as India and China. Additionally, the company has made several strategic acquisitions in recent years, including purchasing King Digital, the maker of Candy Crush, giving the company a foothold in the mobile gaming market.

In addition to new product launches and acquisitions, Activision Blizzard is exploring opportunities to expand its existing franchises into new markets. For example, the company wants to bring its famous Call of Duty franchise to China, which could significantly increase its user base in the world's largest gaming market.

Like any company in the gaming industry, Activision Blizzard faces several risks and challenges that could impact its performance in the coming years. One such risk is the increasing competition from other gaming companies, particularly in the mobile gaming space. The company must continue to innovate and release high-quality games to stay ahead of its competitors.

Another risk is the potential for increased regulatory scrutiny. The gaming industry has come under increased regulatory pressure in recent years, particularly in China, where the government has cracked down on gaming companies to combat addiction among young people. Any significant regulatory changes could impact Activision Blizzard's ability to operate in key markets.

The company faces the risk of changing consumer preferences. Gaming is an industry driven by trends, and Activision Blizzard must stay ahead of these trends to remain relevant. If the company fails to adapt to changing consumer preferences, it could lose market share to competitors.

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ATVI Stock News Headlines

STMicroelectronics, NetEase, HP Enterprise: Undervalued Techs? (ATVI)
STMicroelectronics, NetEase, and HP Enterprise may be undervalued relative to their intrinsic value, as well as versus industry peers.
Buffett's Latest Buys: What Stocks Is He Adding to His Portfolio? (ATVI)
Berkshire Hathaway buys $13.2 billion stake in Occidental Petroleum. Capital One is a new large holding, while stakes in Bank of America and Citigroup increase.
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3 Underperforming Nasdaq 100 Stocks Worth a Closer Look (ATVI)
Given the volatility and growth potential associated with the Nasdaq’s elite, investors may want to keep these recent underperformers on the watch list.
Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Microsoft Activision: UK regulator denies working for US
Microsoft Scores Big Win for Stock from EU
See More Headlines
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ATVI Company Calendar

Last Earnings
11/02/2021
Today
5/18/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Home Entertainment Software
Current Symbol
NASDAQ:ATVI
CUSIP
00507V10
Employees
13,000
Year Founded
1979

Price Target and Rating

Average Stock Price Forecast
$91.53
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$84.00
Forecasted Upside/Downside
+17.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
15 Analysts

Profitability

Net Income
$1.51 billion
Pretax Margin
26.70%

Debt

Sales & Book Value

Annual Sales
$7.53 billion
Cash Flow
$3.38 per share
Book Value
$25.65 per share

Miscellaneous

Free Float
775,673,000
Market Cap
$61.03 billion
Optionable
Optionable
Beta
0.42

Social Links


Key Executives

  • Robert A. KotickRobert A. Kotick
    Chief Executive Officer & Director
  • Armin ZerzaArmin Zerza
    Chief Financial Officer
  • Jen Brewer
    Chief Ethics & Compliance Officer
  • Brian Bulatao
    Chief Administrative Officer
  • Pelle Sjoenell
    Chief Creative Officer













ATVI Stock - Frequently Asked Questions

Should I buy or sell Activision Blizzard stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Activision Blizzard in the last year. There are currently 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ATVI shares.
View ATVI analyst ratings
or view top-rated stocks.

What is Activision Blizzard's stock price forecast for 2023?

15 brokerages have issued 1 year target prices for Activision Blizzard's shares. Their ATVI share price forecasts range from $84.00 to $100.00. On average, they anticipate the company's stock price to reach $91.53 in the next year. This suggests a possible upside of 17.4% from the stock's current price.
View analysts price targets for ATVI
or view top-rated stocks among Wall Street analysts.

How have ATVI shares performed in 2023?

Activision Blizzard's stock was trading at $76.55 at the beginning of the year. Since then, ATVI shares have increased by 1.9% and is now trading at $78.00.
View the best growth stocks for 2023 here
.

When is Activision Blizzard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our ATVI earnings forecast
.

How were Activision Blizzard's earnings last quarter?

Activision Blizzard, Inc. (NASDAQ:ATVI) posted its quarterly earnings results on Tuesday, November, 2nd. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm earned $1.88 billion during the quarter, compared to analysts' expectations of $1.88 billion. Activision Blizzard had a net margin of 22.82% and a trailing twelve-month return on equity of 12.97%. During the same quarter in the previous year, the company earned $0.66 EPS.
Read the conference call transcript
.

Is Activision Blizzard a good dividend stock?

Activision Blizzard (NASDAQ:ATVI) pays an annual dividend of $0.47 per share and currently has a dividend yield of 0.60%. The dividend payout ratio is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATVI will have a dividend payout ratio of 12.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATVI.

What is Robert A. Kotick's approval rating as Activision Blizzard's CEO?

128 employees have rated Activision Blizzard Chief Executive Officer Robert A. Kotick on Glassdoor.com. Robert A. Kotick has an approval rating of 50% among the company's employees. This puts Robert A. Kotick in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 59.0% of employees surveyed would recommend working at Activision Blizzard to a friend.

What other stocks do shareholders of Activision Blizzard own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Activision Blizzard investors own include NVIDIA (NVDA), Walt Disney (DIS), Alibaba Group (BABA), Netflix (NFLX), PayPal (PYPL), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Salesforce (CRM) and Adobe (ADBE).

What is Activision Blizzard's stock symbol?

Activision Blizzard trades on the NASDAQ under the ticker symbol "ATVI."

Who are Activision Blizzard's major shareholders?

Activision Blizzard's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.32%), Berkshire Hathaway Inc (6.30%), State Street Corp (3.86%), FMR LLC (3.30%), Bluefin Capital Management LLC (0.00%) and Geode Capital Management LLC (1.96%). Insiders that own company stock include Armin Zerza, Brian G Kelly, Casey Wasserman, Christopher B Walther, Claudine Macartney, Daniel Alegre, Dennis M Durkin, Hendrik Hartong III, Jesse Yang, Peter J Nolan and Peter J Nolan.
View institutional ownership trends
.

How do I buy shares of Activision Blizzard?

Shares of ATVI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Activision Blizzard's stock price today?

One share of ATVI stock can currently be purchased for approximately $78.00.

How much money does Activision Blizzard make?

Activision Blizzard (NASDAQ:ATVI) has a market capitalization of $61.18 billion and generates $7.53 billion in revenue each year. The company earns $1.51 billion in net income (profit) each year or $2.35 on an earnings per share basis.

How many employees does Activision Blizzard have?

The company employs 13,000 workers across the globe.

Does Activision Blizzard have any subsidiaries?
The following companies are subsidiares of Activision Blizzard: ATVI C.V., Activision Blizzard International BV, Activision Blizzard Media Limited, Activision Blizzard UK Limited, Activision Publishing Inc., Beenox, Blizzard Entertainment, Blizzard Entertainment SAS, Budcat Creations, California 7 Studios, DemonWare, Gray Matter Interactive Studios, High Moon Studios, King.com, King.com (US) LLC, Major League Gaming Inc, Midasplayer AB, Omniata, Radical Entertainment, RedOctane, Shaba Games, Treyarch, and Z-Axis Ltd..
Read More
How can I contact Activision Blizzard?

Activision Blizzard's mailing address is 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA, 90405. The official website for the company is www.activisionblizzard.com. The company can be reached via phone at (310) 255-2000, via email at ir@activision.com, or via fax at 310-255-2100.

This page (NASDAQ:ATVI) was last updated on 5/18/2023 by MarketBeat.com Staff

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