Here are the biggest analyst calls of the day: Amazon, Chevron, Activision Blizzard & more

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Wedbush said the game maker should continue to see growth and outperform in 2019.

Activision Blizzard is well positioned to deliver significant outperformance in 2019 and outsized growth in 2020. A flattish performance for Call of Duty units, King outperformance, and mobile strength could drive FY:19 EPS closer to $2.40, well above guidance of $2.10, before taking into account Call of Duty on mobile in China and a new Call of Duty esports league. A $3.00 EPS figure in 2020 is possible from multiple call options: Significant growth for Call of Duty: Mobile and/or Diablo Immortal in the West, a new World of Warcraft expansion, a frontline Blizzard release, substantial King growth, and Call of Duty Blackout and/or Overwatch going free-to-play. Even if Activision Blizzard does not achieve $3.00 in EPS in FY:20, the perception of that possibility could lift the share price. At a 20x P/E multiple, shares would be worth $60 on the potential of $3.00 in FY:20 plus net cash.”

(Excerpt) Read more Here | 2019-04-01 16:52:52

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