Forecast Of The Day: Activision’s Revenue Per Active User

+25.53%
Upside
74.76
Market
93.85
Trefis
ATVI: Activision Blizzard logo
ATVI
Activision Blizzard

What?

Activision’s (NASDAQ:ATVI) Revenue Per Active User declined from around $37.5 in 2019 to about $32.5 in 2020. Trefis expects the metric to remain roughly flat over 2021 and 2022.

Why?

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The metric has declined in recent years due to the company’s focus on growing its user base.

So What?

We think ATVI stock is meaningfully undervalued at current levels. We value ATVI at about $93 per share about 50% ahead of the current market price.

See Our Complete Analysis For Activision

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Returns Dec 2021
MTD [1]
2021
YTD [1]
2017-21
Total [2]
 ATVI Return 2% -32% 76%
 S&P 500 Return -1% 24% 107%
 Trefis MS Portfolio Return 0% 45% 289%

[1] Month-to-date and year-to-date as of 12/21/2021
[2] Cumulative total returns since 2017

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