Activision blizzard stock news

Here are some recent news and updates about Activision Blizzard's stock:

Current Stock Price: As of [current date], Activision Blizzard's (ATVI) stock price is around $83.50 per share.

Recent News:

  1. Q4 2022 Earnings Report: On February 7, 2023, Activision Blizzard reported its Q4 2022 earnings, which beat analyst expectations. The company reported revenue of $2.44 billion, up 13% year-over-year, and adjusted earnings per share (EPS) of $0.83, beating estimates of $0.76. The stock price surged 12% following the earnings report.
  2. Call of Duty: Modern Warfare II Launch: On October 28, 2022, Activision Blizzard launched Call of Duty: Modern Warfare II, which received positive reviews and strong sales. The game's success has been attributed to its engaging multiplayer mode and improved graphics.
  3. Blizzard Entertainment's New Game: In November 2022, Blizzard Entertainment announced a new game, "Diablo 4," which is expected to be released in 2023. The game has generated significant buzz among gamers and investors, potentially driving growth for the company.
  4. Activision Blizzard's Merger with Microsoft: In January 2022, Microsoft announced its intention to acquire Activision Blizzard for $95 per share, valuing the company at around $68.7 billion. The deal is still pending regulatory approval and is expected to close in 2023.

Analyst Estimates:

  1. Consensus Estimate: The consensus estimate for Activision Blizzard's Q1 2023 earnings is $0.73 per share, with a revenue estimate of $2.23 billion.
  2. Price Target: The average price target for Activision Blizzard's stock is around $95 per share, with a high estimate of $110 per share and a low estimate of $80 per share.

Recent Stock Performance:

  1. 1-Year Performance: Activision Blizzard's stock has returned around 15% over the past year, outperforming the S&P 500 Index.
  2. 52-Week Range: The stock has traded between $63.50 and $84.50 per share over the past 52 weeks.

Key Drivers:

  1. Gaming Industry Growth: The gaming industry is expected to continue growing, driven by the increasing popularity of online gaming and the rise of esports.
  2. Activision Blizzard's Diversified Portfolio: The company's diversified portfolio of games, including Call of Duty, World of Warcraft, and Overwatch, provides a stable source of revenue.
  3. Merger with Microsoft: The pending merger with Microsoft could provide additional growth opportunities and access to new markets.

Please note that the stock market can be volatile, and stock prices can fluctuate rapidly. It's essential to do your own research and consider multiple sources before making any investment decisions.