Activision Blizzard (ATVI) Stock: $74 Price Target From Truist

By Amit Chowdhry ● Nov 30, 2021
  • The shares of Activision Blizzard, Inc. (NASDAQ: ATVI) have received a price target of $74 from Truist. These are the details.

The shares of Activision Blizzard, Inc. (NASDAQ: ATVI) have received a price target of $74 from Truist. And Truist analyst Matthew Thornton reduced the price target from $101 while maintaining a “Buy” rating on the shares.

Thornton is expecting a CEO change amid recent developments. And Thornton believes that Bobby Kotick remaining CEO will only elongate uncertainty and impede the rebuilding.

Plus Thornton strongly questions the board’s defense of Kotick. And Thornton believes that COO Daniel Alegre could step in as interim CEO. Going forward, Thornton expects the stock to remain choppy in the near-term given the lack of positive catalysts.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.