Activision Blizzard could earn “$1.38 billion in 2009”

By Patrick Garratt

So says this. Citigroup analyst Brent Thill has now rated Activision as a “buy” with a price target of $36, representing an upside of roughly 35 percent, despite the stock falling back 10 percent so far this year. This company making a lot of money next year goes into the “not rocket science” category, especially given Activision’s recent record financials and the promise of more Call of Duty 4 and lots more Guitar Hero. Oh, and World of Warcraft. Match made in heaven.