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Why Morgan Stanley Remains Bullish on Activision Blizzard

Adam Rogers
Why Morgan Stanley Remains Bullish on Activision Blizzard

According to this detailed report by Morgan Stanley (MS) on Activision Blizzard (ATVI), the investment bank has maintained an overweight rating on the gaming company with a 12-month price target of $75. Morgan Stanley has increased its revenue estimates for Activision Blizzard to $12.9 billion, up from $8.6 billion. Morgan Stanley attributed this significant rise in its revenue forecast to several factors, including the performance of ATVI’s Overwatch League (or OWL).