Activision Blizzard Expected To Surge: Analyst Sees Upside In Proposed Microsoft Acquisition
Portfolio Pulse from Franca Quarneti
Benchmark Company analyst Mike Hickey named Activision Blizzard (ATVI) as a top pick in the Entertainment & Digital Media sector and set a price target of $90. Hickey sees upside in Microsoft's (MSFT) proposed acquisition of ATVI, with investors potentially rewarded with a 21% upside to MSFT's $95 bid or a 15% upside to the FY23 $90 price target if the deal is abandoned.
May 22, 2023 | 6:54 pm
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POSITIVE IMPACT
Activision Blizzard is a top pick in the Entertainment & Digital Media sector with a $90 price target. Upside potential in Microsoft's proposed acquisition could reward investors.
The analyst's price target of $90 for ATVI and the potential upside in Microsoft's proposed acquisition could lead to a positive short-term impact on ATVI's stock price. The company is also expected to achieve net booking growth and has several catalysts for growth in FY24.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Microsoft's proposed acquisition of Activision Blizzard could reward investors with a 21% upside to its $95 bid. The deal has received approval from China and 37 regulators worldwide.
Microsoft's proposed acquisition of ATVI could have a positive short-term impact on MSFT's stock price, as the deal has received approval from China and 37 regulators worldwide. The potential upside to the $95 bid could attract more investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80