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Activision Blizzard Inc.’s stock is currently trading at 56.46-higher by 2.82% as compared to the previous closing price. In the pre-market trading session, the stock was trading higher by 2.71%. The stock has continued gaining after the opening bell.
Nomura Instinet upgraded the video-game maker’s stock. The firm upgraded Activision Blizzard’s rating to buy from neutral. Nomura also hiked its price target for the stocks of video-game maker to $64 per share from $49 a share.
The firm upgraded Activision Blizzard’s share citing momentum from the August launch of World of Warcraft Classic and positive reception surrounding the next month launch of Modern Warfare. Nomura believes promising outlook in the Call of Duty franchise, the launch of city-based esports in 2020 and a potential developer reshuffle for the 2020 title gave increased prominence to the series’ strongest developer.
On the technical front, the RSI is currently at 69.62% and suggests that the market can move in the upward direction. The current price is above the MA5. The current price is above the middle line of the Bollinger Bands and is heading upwards.
TRADE SUGGESTION- LIMIT BUY AT 56.20 TAKE PROFIT AT 57.40 STOP LOSS AT 55.60
Activision Blizzard’s stock is currently trading at 43.69-higher by 3.31% as compared to the previous closing price. In the pre-market trading session, the stock was trading higher by 4.89%. The stock has pared some of its earlier gains after the opening bell.
Investment bank Goldman Sachs upgraded the videogame producer’s stock to buy from neutral. The bank also raised its 12-month price target to $54 per share from $50. Goldman Sachs added it to its conviction list.
The bank said that forthcoming Blizzard title announcements create the potential for earnings upside. The videogame producer could increase new paid content options for “Overwatch,” and launch a “Call of Duty” mobile game. Stocks of Activision Blizzard have dropped 5% so far this year.
On the technical front, the RSI is currently at 43.4% and suggests that the market can move in the upward direction. The current price is above the MA5. The current price is below the middle line of the Bollinger Bands but is heading upwards.
TRADE SUGGESTION- LIMIT BUY AT 43.60 TAKE PROFIT AT 44.02 STOP LOSS AT 43.40