Activision Blizzard (ATVI) Buy, Sell or Hold

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Activision Blizzard (ATVI)

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94.42

-0.00 (0.00%)

as of Oct 12, 2023, 12:00:00 am Market Open.

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TOP PICK

Has been stuck in a rut due to fears of the reopening affecting revenues. Video games won't disappear though and their games have good staying power. Have franchises like Call of Duty and Candy Crush. Social media mentions have increased by 275% in the last 24 hours.

BUY

It's been stuck in a rut this year as Wall Street views this as, well, stuck, as the economy reopens. He disagrees. Videogames won't disappear and are here to stay. These games are amazing and have staying power.

DON'T BUY

The Saudis selling Canadian oil and buying ATVI He doesn't read too much in the Saudis diversifying into videogames. ATVI has a stable, long history of free cash flow returns on tangible assets (generally over 20%), so he likes that. Their capex-sales is low so they're asset-light, also good. But they falter in incremental return on incremental equity, which is how much free cash flow they generate on invested capital of 1, 3 or 5 years. ATVI's return fluctuates. Why? He suspects videogame companies have hit-and-miss game releases. (EA falls into the same category.) He avoids such stocks given this hit or miss risk.

COMMENT

Has a great CEO, but can you fight this reopening trade? He likes TTWO for its new machines.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Nov 05/20, Up 19%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ATVI has achieved its $96 target. To be disciplined, we recommend covering 50% and trailing the stop up (from $67) to $84.

BUY

Likes the entire game group, including ATVI. All will benefit from this videogame holiday season.

COMMENT

Doesn't follow. Bullish chart pattern of teacup and handle. He follows Paradox Interactive, with excellent prospects. As well as Evolution Gaming for online gambling. The other player is Electronic Arts. Gaming got a boost with the pandemic, and he thinks these trends are here to stay.

BUY

Allan Tong’s Discover Picks The PE of ATVI of 27.42x hasn't been this low since late-2019. On June 30, the PE was 37.57x. As of Cyber Monday's close of $79.48, ATVI stock is trading right at its 50- and 200-day moving averages. It pays a dividend of 0.52% at a low payout ratio of 14.39%. (It should be noted that video game stocks are not for income investors.) The profit margin is nearly 29%. Read 3 Epic Video Game Stocks to Play! for our full analysis.

WAIT

A great library of winners. Generates over $1B in annual bookings. Great business model of recurring revenue, high margin business. He took profits, but would look to get back in low $70s or high $60s. Price target of $92.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly Recently reported revenues for ATVI were up 46% over the year and management upgraded its own guidance. With more people at home confined to their homes, video game sales are benefitting. Pipe Sandler analysts just upgraded them to a $98 target, while Stifel sees $102. We would trade this with a stop-loss at $67, targeting $96 on the upside -- over 18% upside. Yield 0.52%. (Analysts’ price target is $95.45)

BUY

Likes it in the video game space. Gaming has been resilient over time. It is expected to continue to do well. Long-term it should do well, with very strong franchises like Call of Duty. One of his favourite companies in the space.

PAST TOP PICK

(A Top Pick Sep 05/19, Up 51%) They have great assets like Call of Duty and Candy Crush. They are the Disney of video games. They hope to have 1B user in the next year as they add more games on platforms and mobile.

TOP PICK

Warning about all his top picks: Markets are volatile and demand active management. This current pullback is a buying opportunity for ATVI. Buy a quarter and add at every $7 it falls down. He likes the videogame space, because people are staying at home during the pandemic and are driving subscriptions. New games like Call of Duty will increase earnings, even surprise. (Analysts’ price target is $95.16)

BUY

They have enjoyed record setting sales, has release some great new games, and has a long runway ahead of it. He would rate this a buy.

COMMENT

They reported last night and they beat consensus aggressively. He does own this. Their digital entertainment business is successful with brands like Call of Duty games. He has a target price of $70.

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Activision Blizzard (ATVI)

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