Activision: Que the Upgrades fellow Analysts (ATVI)

Activision Blizzard, Inc. (NASDAQ:ATVI) is about to be blessed by the analysts covering the company, Call of Duty: Modern Warfare 2 is going to take Activision to the promised land, you can bank on a new 52-week high before 2010.

MOVE OVER GTA
"Call of Duty: Modern Warfare 2" has made an estimated $310 million in North America and the United Kingdom alone. The company estimates that it sold about 4.7 million copies of the game in the first 24 hours in those markets, making it the biggest-selling launch in the history of entertainment, beating out any movie or video game - period.

The latest installment in the "Call of Duty" action franchise was expected to at least match last year's "Grand Theft Auto IV," which was the most successful video game release in history and at the time may have been the top entertainment launch ever.

Take-Two's (NASDAQ:TTWO) sold 3.6 million units of GTA IV on its opening day, worth $310 million worldwide. "Call of Duty" made that much in just North America and Britain.

Activision Blizzard, Inc. (NASDAQ:ATVI) shares moved up 2% after hours (trading around $11.70 a share) Thursday and are less than $2 from setting a new 52-week high. Just wait until tomorrow when the upgrades and analysts increasing price targets come in on ATVI shares, the Nation bets this stock hits $12 by next week. Congrats longs and Activision for producing such a bad ass title as Call of Duty: Modern Warfare 2, they've come a long way since Pitfall (which you can play for free online - click to relive the 80's).

Disclaimer: No positions in any of the securities mentioned in this publication.

SOURCE: WallStNation.com