Pacific Crest Securities raised its price targets on shares of Activision Blizzard (ATVI) and two other major video game publishers. This following the E3 conference in Los Angeles.
The companies are Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive Software (TTWO). Furthermore, he increased his price targets on all three companies.
The E3 show is short for Electronic Entertainment Expo.
Coming out of the show, Wingren is more upbeat about the prospects for #Activision’s “Destiny 2” and “Call of Duty: WWII.” Both games are set for release this fall.
Cowen analyst Doug Creutz said the lines to play “Call of Duty: WWII” and “Destiny 2” were at capacity for the entire E3 show.
EA’s “Star Wars Battlefront 2” also looks like a winner, Wingren said.
“Our positive demo of ‘Battlefront 2’ gave us confidence that core gameplay issues of the previous edition have been improved upon.”