Activision Blizzard raises annual sales forecast on 'Call of Duty' boost

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Wells Fargo Reiterates Overweight Rating on Activision Blizzard (ATVI) Following 1Q

May 5, 2021 6:49 AM EDT

Wells Fargo analyst Brian Fitzgerald reiterated an Overweight rating and $120.00 price target on Activision Blizzard (NASDAQ: ATVI) following the company's 1Q earnings report. Net Bookings grew 36% Y/Y vs. Consensus expectations of 17%. Operating Margin was 41%, 81 bps better than Consensus.

Wells Fargo adjusted... More