Upbeat broker recommendations for Activision Blizzard Inc

The Activision Blizzard Inc (NSQ:ATVI) share price has risen by 4.12% over the past month and it’s currently trading at 78.64. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Activision Blizzard Inc currently has:

• 10 Buy recommendations

• 3 Hold recommendations

• 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO NSQ:ATVI »

Looking behind the broker forecasts

At its current price of 78.64, shares in Activision Blizzard Inc are trading at a discount of -4.16% to its 52 week high price. The 1-year performance of the shares has been 72.0%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Activision Blizzard Inc it's worth doing some investigation yourself.

There are all sorts of factors that could affect Activision Blizzard Inc's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Activision Blizzard Inc – you might discover some surprising things you didn’t know.