Activision Blizzard (NASDAQ:ATVI)had its price objective reduced by equities researchers at Stifel Nicolaus from $95.00 to $77.00 in a research report issued to clients and investors on Monday,Price Targets.comreports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 24.92% from the stock's previous close.
Other analysts have also recently issued research reports about the stock. Barclays reduced their price objective on shares of Activision Blizzard from $107.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, November 3rd. Benchmark reduced their price target on shares of Activision Blizzard from $115.00 to $86.00 and set a "hold" rating on the stock in a research report on Wednesday, November 17th. Truist Securities lowered their target price on shares of Activision Blizzard from $101.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, November 22nd. MKM Partners lowered shares of Activision Blizzard from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $75.00 to $54.00 in a research report on Monday, November 22nd. Finally, Truist reduced their price objective on shares of Activision Blizzard from $101.00 to $74.00 and set a "buy" rating for the company in a report on Monday, November 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Activision Blizzard has a consensus rating of "Buy" and an average target price of $95.57.