Activision Blizzard, Take-Two Interactive Get Overweight Ratings From Wells Fargo [TheStreet.com]
Activision Blizzard, Inc (ATVI)
Last activision blizzard, inc earnings: 2/6 04:05 pm
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Source: TheStreet.com
Activision Blizzard(ATVIGet ReportTTWOActivation Blizzard was off 4.6% to 58.79 Tuesday, while Take-Two Interactive Software was down 1.6% to $119.35.Analyst Brian Fitzgerald, who also set a $75 price target on Activation Blizzard, said the Santa Monica, California-based company "offers investors exposure to long-term secular growth trends in the global video game market via a portfolio of seasoned franchises with tens of millions of loyal fans.""These include 'Call of Duty,' which topped the AAA video game best-seller charts in the U.S. for five of the past six years, and 'Candy Crush,' which is one of the top five grossing mobile games of all time," Fitzgerald wrote. "We think ATVI’s four strategic growth pillars and wholly owned-IP are the right recipe for relatively low-risk growth in a frequently unpredictable, hit-driven video game market."Activision Blizzard, Fitzgerald said "has demonstrated success in expanding the market for its IP with 'Call of Duty Mobile' and Overwatch Le
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