Wells Fargo (NYSE:WFC) analyst Brian Fitzgerald maintained a Buy rating on Activision Blizzard (NASDAQ:ATVI) on Wednesday, setting a price target of $120, which is approximately 35.30% above the present share price of $88.69.
Fitzgerald expects Activision Blizzard to post earnings per share (EPS) of $0.66 for the second quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Activision Blizzard, with an average price target of $114.93.
The analysts price targets range from a high of $125 to a low of $102.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.41 billion and a net profit of $650 million. The company's market cap is $68.91 billion.
According to TipRanks.com, Wells Fargo analyst Brian Fitzgerald is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 38.3% and a 75.78% success rate.
Activision Blizzard, Inc. is one of the world’s largest interactive entertainment companies, with it developing and publishing console, online and mobile games. The company operates through three business segments: Activision, Blizzard, and King. The Activision unit develops and publishes interactive software products and entertainment content for the console, and the Blizzard and King segments focus on PC and mobile platforms.