MoffettNathanson Downgrades Activision Blizzard to Market Perform, Raises Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
MoffettNathanson analyst Clay Griffin has downgraded Activision Blizzard (NASDAQ:ATVI) from Outperform to Market Perform, while raising the price target from $91 to $95.

July 12, 2023 | 11:54 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Activision Blizzard has been downgraded to Market Perform from Outperform by MoffettNathanson, but the price target has been raised from $91 to $95.
The downgrade to Market Perform suggests that the analyst believes the stock will perform approximately in line with the market in the near future, which is a neutral outlook. However, the increase in price target from $91 to $95 indicates an expectation of some upside potential. This mixed signal could lead to uncertainty among investors, potentially causing short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100