Morgan Stanley raises target price for Activision Blizzard | 🚀 Robin Rocket

Morgan Stanley raises target price for Activision Blizzard

Despite recent lawsuits, Morgan Stanley analysts are raising forecasts for PC game developer Activision Blizzard.

Activision Blizzard $ATVI is one of the world's leading publishers and developers of computer video games.
Target price from Morgan Stanley - $120, upside potential +47%

Abstracts enjoy the growth of the company:

• Growth of monetization of in-game content. Analysts predict an increase in the number of users.

• Diversified portfolio of video games. The company develops games of various genres for all ages. Analysts believe that this factor is becoming a key factor in the forecasts for the reporting of Activision Blizzard.

Fundamental indicators:

• Market capitalization = $63.61 billion
• fwd P/E = 18.5x
• front P/E sector = 24x
• PEG = 1.75x

My view: All of these factors provide sufficient confidence for a long-term position in Activision Blizzard shares.

Not an investment recommendation.