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Stock Market & Financial Investment News

News Breaks
January 27, 2014
11:07 EDTATVIActivision growth estimates reasonable if Destiny a big hit, says Piper Jaffray
Piper Jaffray said its title-by-title analysis for Activision Blizzard concluded that consensus estimates of 8% yearly growth in 2014 are reasonable, but only if the company's new Destiny franchise scores a major hit. Piper said Activision typically gives conservative initial yearly guidance and the firm sees the company likely guiding to FY14 sales near $4.5B, which would be below the Street consensus. However, Piper notes the company has a history of beating its own conservative outlooks in the past and the firm maintains its Overweight rating and $22 price target on the stock.
News For ATVI From The Last 14 Days
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April 11, 2014
07:59 EDTATVIActivision Blizzard could be pressured by lock-up expiration, says Argus
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April 7, 2014
07:46 EDTATVITurtle Beach reaches licensing agreement with Blizzard Entertainment
Turtle Beach, the gaming audio brand of Parametric Sound (PAMT), announced a new multi-year licensing agreement with Blizzard Entertainment, a subsidiary of Activision Blizzard (ATVI) around the Heroes of the Storm multiplayer game. As part of the agreement, Turtle Beach will develop PC gaming headsets for players.
April 4, 2014
16:46 EDTATVIActivision Blizzard files to sell 41.5M shares of common stock for holders
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09:04 EDTATVIActivision Blizzard price target raised to $24 from $21 at Sterne Agee
Sterne Agee increased its price target on Activision Blizzard as the firm thinks the company's 2014 EPS could beat expectations by a large amount. The firm keeps a Buy rating on the stock.

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