Antitrust Investigation Casts Shadow on Activision Blizzard Stock

Activision Blizzard Stock

Activision Blizzard (ATVI:NSD) , the developer of popular video games such as Call of Duty, World of Warcraft, Diablo, Overwatch, and Candy Crush, may be forced to spin off some of its core assets to placate antitrust regulators, which might result in the loss of some of its most recognizable game names.

Prospective investors should be aware that Activision Blizzard stock may not be a screaming bargain nor a terrific choice for income-focused investors seeking a high dividend yield, despite the company’s excellent analyst support.

Traders who are entirely focused on the possibility of Microsoft acquiring Activision Blizzard should be aware that a merger between the two businesses may not occur in the near future.

The United Kingdom’s Competition and Markets Authority expressed concern that a Microsoft-Activision Blizzard merger could reduce competition in the cloud and console gaming markets.

There are potential “structural” solutions that could make the proposed buyout possible, but none of the potential scenarios appear ideal for Activision Blizzard. Prospective investors should wait and see how these developments in the UK play out over the coming months.

 

Activision Blizzard Stock Analysis:

Based on the Activision Blizzard stock forecasts from 15 analysts, the average analyst target price for Activision Blizzard Inc is USD 90.57 over the next 12 months. Activision Blizzard Inc’s average analyst rating is Strong Buy.

Stock Target Advisor’s own stock analysis of Activision Blizzard Inc is Neutral, which is based on 7 positive signals and 8 negative signals. At the last closing, Activision Blizzard stock price was USD 76.78. Activision Blizzard Inc’s stock price has changed by +1.56% over the past week, +0.16% over the past month, and -5.79% over the last year.

 

Company Profile:

Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King.

It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company is headquartered in Santa Monica, California.

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