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Activision Blizzard, Inc. (NASDAQ:ATVI) stock price target increased to $56.00, issued a research note today by Morgan Stanley

In a report released on 9/23/2016 Morgan Stanley increased the stock price target of Activision Blizzard, Inc. (NASDAQ:ATVI) to $56.00 indicating a possible upside of 0.26%.

Previously on 09/21/2016, Zacks Investment Research reported on Activision Blizzard, Inc. (NASDAQ:ATVI) increased the target price from $0.00 to $50.00. At the time, this indicated a possible upside of 0.12%.

Yesterday Activision Blizzard, Inc. (NASDAQ:ATVI) traded -0.34% lower at $44.51. The company’s 50-day moving average is $42.09 and its 200-day moving average is $38.29. The last closing price is up 15.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 8,694,746 shares of the stock traded hands, down from an average trading volume of 9,501,030

See Chart Below

Activision Blizzard, Inc. (NASDAQ:ATVI)

Activision Blizzard, Inc. has a PE ratio of 44.67 with a one year low of $26.49 and a one year high of $45.12 Activision Blizzard, Inc.’s market capitalization is currently $0.

In addition to Morgan Stanley reporting its stock price target, a total of 20 brokerages have issued a ratings update on the company. The average stock price target is $42.02 with 5 brokerages rating the stock a strong buy, 14 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Activision Blizzard, Inc. (NASDAQ:ATVI)

Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other segments. The Company also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. It offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems.

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