Roth MKM Downgrades Activision Blizzard to Neutral, Raises Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Eric Handler has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Neutral, while raising the price target from $88 to $95.
July 21, 2023 | 9:28 am
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NEUTRAL IMPACT
Activision Blizzard has been downgraded to Neutral from Buy by Roth MKM, but the price target has been raised from $88 to $95.
The downgrade to Neutral suggests that the analyst sees limited upside potential for the stock in the near term. However, the increase in price target indicates an expectation of steady growth in the longer term. This mixed signal could lead to neutral or slightly positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100