Activision forecasts fourth-quarter adjusted revenue below estimates

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Stifel Reiterates Buy Rating on Activision Blizzard (ATVI) Following 3Q Beat

November 11, 2019 6:47 AM EST

Stifel analyst Drew Crum reiterated a Buy rating and $65.00 price target on Activision Blizzard (NASDAQ: ATVI) following the company's 3Q earnings report. Non-GAAP EPS of $0.32 was above consensus of $0.23, and guidance of $0.20. Net bookings at $1.214 billion (-27%) beat the Street ($1.166 billion), and guidance ($1.100 billion), with... More