Following the company’s recent Q2 earnings beat, shares of video game giant Activision Blizzard, Inc. ATVI 0.07% were soaring more than 13 percent on Wednesday. But with the stock now up more than 44 percent so far this year, should shareholders be taking profits?
Pacific Crest’s Take
Analyst Evan Wilson maintains his bullish outlook for Activision Blizzard. Even though the stock has been on a tear so far this year, he sees more room for upside from current levels.
“2015 continues to have several potential catalysts, including the return of old IP, new digital games (which seem to be nicely offsetting the decline in WoW) and a healthier industry for annualized titles,” Wilson explained.
Pacific Crest maintains its Overweight rating and $30 target for the stock.
Piper Jaffray’s Take
Analyst Michael Olson also sees…
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