Analyst Predicts Large Earnings for Activision-Blizzard in 2009
Buy your stock today! (That's not financial advice. At least not any I'd take.)
Citigroup analyst Brent Thill thinks that Activision Blizzard's stock prices will be headed north in 2009.
Following strong financial results in the past couple of weeks from both Activision and Vivendi Games, one analyst has released his prediction that following the planned merger of the two companies, fiscal 2009 profits could add up to as much as USD 1.38 billion.
Citigroup's Brent Thill is quoted in an article on investor news site Seeking Alpha and rates Activision's stock as 'buy' with a target price of USD 36 - the current trading price is USD 26.69.
But that price has fallen by around 10 per cent in the past month despite full year guidance being revised upwards, and no problems anticipated with the Vivendi merger, which will result in the biggest videogames publisher in the world: Activision Blizzard.
Read more at GamesIndustry.biz.