ACTIVISION BLIZZARD INC (ATVI) Forecast, Price Target & Analyst Ratings

NASDAQ:ATVI • US00507V1098

Current stock price

94.42 USD
-0.05 (-0.05%)
At close:
94.54 USD
+0.12 (+0.13%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for ACTIVISION BLIZZARD INC (ATVI).

Forecast Snapshot

Consensus Price Target

Price Target
$96.68
+ 2.40% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 6, 2023
Period
Q3 / 2023
EPS Estimate
$0.92
Revenue Estimate
2.115B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
68.46%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$96.68
Upside
+ 2.40%
From current price of $94.42 to mean target of $96.68, Based on 26 analyst forecasts
Low
$90.90
Median
$96.90
High
$100.80

Price Target Revisions

1 Month
-0.03%
3 Months
4.22%

Price Target Summary

26 Wall Street analysts provided a forecast for the next 12 months for ATVI. The average price target is 96.68 USD. This implies a price increase of 2.4% is expected in the next year compared to the current price of 94.42.
The average price target has been revised upward by 4.22% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

ATVI Current Analyst RatingATVI Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

ATVI Historical Analyst RatingsATVI Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
68.46%
ATVI was analyzed by 26 analysts. The buy percentage consensus is at 68. So analysts seem to be have mildly positive about ATVI.
In the previous month the buy percentage consensus was at a similar level.
ATVI was analyzed by 26 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-09-22WedbushReiterate Outperform -> Outperform
2023-07-21Roth MKMDowngrade Buy -> Neutral
2023-07-20Edward JonesDowngrade Buy -> Hold
2023-07-20UBSDowngrade Buy -> Neutral
2023-07-20WedbushMaintains Outperform -> Outperform
2023-07-20CitigroupDowngrade Buy -> Hold
2023-07-20JefferiesDowngrade Buy -> Hold
2023-07-18Atlantic EquitiesDowngrade Overweight -> Neutral
2023-07-18Wells FargoDowngrade Overweight -> Equal-Weight
2023-07-18BairdDowngrade Outperform -> Neutral
2023-07-13Exane BNP ParibasDowngrade Outperform -> Neutral
2023-07-13BarclaysDowngrade Overweight -> Equal-Weight
2023-07-13Truist SecuritiesDowngrade Buy -> Hold
2023-07-12MoffettNathansonDowngrade Outperform -> Market Perform
2023-07-12Deutsche BankMaintains Buy -> Buy
2023-07-12BenchmarkDowngrade Buy -> Hold
2023-07-12StifelDowngrade Buy -> Hold
2023-07-12Raymond JamesDowngrade Outperform -> Market Perform
2023-06-07BenchmarkReiterate Buy -> Buy
2023-06-02Truist SecuritiesReiterate Buy
2023-05-22BenchmarkReiterate Buy -> Buy
2023-05-02StifelMaintains Buy
2023-04-28Exane BNP ParibasUpgrade Neutral -> Outperform
2023-04-27BMO CapitalMaintains Outperform
2023-04-27WedbushReiterate Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 6, 2023
Period
Q3 / 2023
EPS Estimate
$0.92
Revenue Estimate
2.115B
Revenue Q2Q
18.69%
EPS Q2Q
34.96%
Number of Analysts
14

Next Earnings Revisions

Revenue (1 Month)
99,900.00%
Revenue (3 Months)
-2.26%
EPS (1 Month)
2.28%
EPS (3 Months)
-0.37%

Next Earnings Summary

ATVI is expected to report earnings on 11/6/2023. The consensus EPS estimate for the next earnings is 0.92 USD and the consensus revenue estimate is 2.12B USD.
The next earnings revenue estimate has been revised downward by 2.26% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2023 - 2028

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025 2026 2027 2028
Revenue
YoY % growth
ATVI revenue by date.ATVI revenue by date.
8.086B
24.61%		8.803B
8.87%		7.528B
-14.48%		9.881B
31.26%		10.027B
1.48%		10.383B
3.55%		11.739B
13.06%		11.665B
-0.63%		14.333B
22.87%
EBITDA
YoY % growth
ATVI ebitda by date.ATVI ebitda by date.
3.274B
42.84%		3.776B
15.33%		1.986B
-47.40%		3.78B
90.33%		4.098B
8.41%		4.347B
6.08%		4.818B
10.84%		5.332B
10.67%		7.008B
31.43%
EBIT
YoY % growth
ATVI ebit by date.ATVI ebit by date.
2.828B
62.62%		3.336B
17.96%		1.667B
-50.03%		3.613B
116.74%		3.96B
9.60%		4.225B
6.69%		4.917B
16.38%		5.177B
5.29%		6.899B
33.26%
Operating Margin
ATVI operating margin by date.ATVI operating margin by date.
34.97%37.90%22.14%36.57%39.49%40.69%41.89%44.38%48.13%
EPS
YoY % growth
ATVI eps by date.ATVI eps by date.
3.47
54.91%		3.72
7.20%		3.40
-8.60%		4.31
26.69%		4.51
4.62%		4.83
7.17%		4.85
0.32%		5.21
7.47%		6.78
30.26%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		0.92
34.96%		1.74
-6.81%		0.73
21.55%		0.88
-18.76%		0.94
2.26%		1.91
9.55%		0.78
6.29%		1.01
15.09%		1.07
14.13%		1.85
-3.29%
Revenue
Q2Q % growth		2.115B
18.69%		3.368B
44.30%		2.031B
-14.77%		2.154B
-2.40%		2.145B
1.42%		3.577B
6.21%		2.083B
2.56%		2.346B
8.91%		2.346B
9.37%		3.854B
7.74%
EBITDA
Q2Q % growth		822.61M
16.52%		1.642B
139.01%		752.47M
-18.48%		966.63M
16.04%		906.89M
10.25%		1.885B
14.80%		735.58M
-2.24%		954.73M
-1.23%		1.023B
12.80%		1.753B
-7.00%
EBIT
Q2Q % growth		757.34M
55.51%		1.548B
320.65%		604.8M
-24.40%		770.24M
32.12%		820.74M
8.37%		1.703B
10.01%		716.9M
18.54%		933.54M
21.20%		992.04M
20.87%		1.72B
1.00%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

ATVI Yearly Revenue VS EstimatesATVI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B
ATVI Yearly EPS VS EstimatesATVI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
12.41%
EPS Next 5 Year
8.90%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
7.86%
Revenue Next 5 Year
7.11%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
13.63%
EBIT Next 5 Year
12.47%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

ACTIVISION BLIZZARD INC / ATVI Forecast FAQ

What do analysts expect the price target to be for ACTIVISION BLIZZARD INC (ATVI)?

26 analysts have analysed ATVI and the average price target is 96.68 USD. This implies a price increase of 2.4% is expected in the next year compared to the current price of 94.42.

When does ACTIVISION BLIZZARD INC (ATVI) report earnings?

ACTIVISION BLIZZARD INC (ATVI) will report earnings on 2023-11-06, after the market close.

What are the consensus estimates for ATVI stock next earnings?

The consensus EPS estimate for the next earnings of ACTIVISION BLIZZARD INC (ATVI) is 0.92 USD and the consensus revenue estimate is 2.12B USD.

Can you provide the expected long term growth rate for ACTIVISION BLIZZARD INC stock?

The expected long term growth rate for ACTIVISION BLIZZARD INC (ATVI) is 7.86%.