Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Bear Stearns Raises Activision to Outperform

Bear Stearns upgraded Activision (ATVI) to outperform from peer perform, and raised its price target to $24.

Analyst Glen Reid says he is upgrading to outperform from peer perform, raising price target to $24 from $18, and raising fiscal year 2007 (March) earnings per share estimate to 88 cents from from 82 cents.

Reid believes Activision is poised for strong margin enhancement owing to its position heading into the next cycle. He believes an increase in margins will lead to an increase in Activision's multiple. He thinks the company is at a point in its growth where its proven franchises, premium pricing, and steady international expansion should yield solid gains in profitability. Its third quarter (December) features a solid lineup for the holiday, he says.

blog comments powered by Disqus