Michael Pachter

Reports of a big developer shakeup on the "Call of Duty" franchise had shares of Activision Blizzard, Inc. (NASDAQ: ATVI) tumbling Monday. What Happened Gaming industry website Kotaku reported Sunday that development on next year's version of the game was in "major upheaval,...

Wall Street analysts continue to like gaming headset maker Turtle Beach Corp (NASDAQ: HEAR), even as investors were selling the stock Thursday morning following a first-quarter revenue and earnings beat. Analysts acknowledge an expected 2019 revenue drop after a big 2018, but say the large and...

Mobile video game maker Glu Mobile Inc. (NASDAQ: GLUU) reported a mixed first quarter Monday, leading Roth Capital Partners to recommend that investors take a "wait and see approach." The Analysts Roth Capital's Darren Aftahi maintained a Neutral rating on Glu Mobile with a...

Perhaps downtime and boredom are increasing: lots of people were playing "Candy Crush" on their phones in recent months. That’s good for the game’s maker, Activision Blizzard, Inc. (NASDAQ: ATVI), which otherwise has had a rough start to the year, including a major layoff...

Zynga Inc (NASDAQ: ZNGA) shares moved higher after the game developer reported first-quarter earnings Wednesday and raised 2019 sales guidance by $50 million.   Baird  Zynga’s first-quarter results largely confirm a successful turnaround and M&A strategy, improving organic...

Fitbit Inc (NYSE: FIT) reported first-quarter results that came in better than expected, highlighted by growth in devices sold but a drop in average selling price. Here's how two analysts reacted to the print. Morgan Stanley: Margin Ramp Concerns Fitbit reported a beat across multiple metrics,...

Google's parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported first-quarter results which prompted an immediate sell-off in the stock as the report showed a deceleration of growth in certain key metrics. Here is a summary of how some of the Street's top analysts reacted to...

The analysts covering Netflix Inc. (NASDAQ; NFLX) stock this week are much like a big family trying to figure out what to watch on the streaming service. Some are leaning strongly Bull (Durham) and a few are vociferously arguing for (Paddington) Bear. In between, there's some romance...

Netflix, Inc. (NASDAQ: NFLX) is getting mixed looks from the sell-side ahead of its April 16 first-quarter print, with KeyBanc Capital Markets predicting that earnings and the streaming company's outlook should remain solid, while Wedbush remains bearish on the prospect of content loss....

Not enough gamers are making a game stop. Shares of GameStop Corp. (NYSE: GME) plunged Wednesday after the brick-and-mortar video game and gaming hardware retailer reported a fourth-quarter sales miss and issued lower guidance the afternoon prior. Analysts and an industry observer ...

While Turtle Beach Corp (NASDAQ: HEAR) has been winning in the battle for gaming headset sales, its stock was getting pummeled Friday after weaker-than-expected guidance. Shares in the headset maker dropped more than 18 percent despite a reporting a fourth-quarter earnings beat and announcing it...

Fitness tracker and smartwatch maker Fitbit Inc (NYSE: FIT) swung back to a profit in the fourth quarter, but guidance for 2019 disappointed some investors. The report was compelling enough for one research firm to turn bullish, but another continues to recommend investors stick to the sidelines...

Fitbit Inc (NYSE: FIT) stock has risen steadily since the start of the new year — so much so that one analyst considers it fully matured. The Analyst  Wedbush analyst Michael Pachter downgraded Fitbit from Outperform to Neutral and maintained a $6.50 price target. The Thesis Fitbit has...

With the reporting season being over for social media companies, it may be time to take stock of how the major platforms performed through the lens of key metrics. After a wave of scandals in 2018, Facebook, Inc. (NASDAQ: FB) redeemed itself credibly by reporting forecast-beating fourth-...

Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were trading higher Wednesday following the game developer's announcement that it’s hitting the reset button with staff layoffs and restructuring.  The company known for the “Call of Duty” franchise said it's...