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Activision Blizzard (ATVI) Stock Up, Price Target Raised at MKM

NEW YORK (TheStreet) -- Activision Blizzard (ATVI - Get Report) stock is rising 1.55% to $35.29 in early morning trading after its price target was increased to $38 from $32 at MKM Partners, which maintained its "buy" rating on the stock.

The video game company is expected to beat estimates and guidance when it reports 2015 third quarter financial results on November 3 after the market close, MKM said in an analyst note.

Earnings could reach 16 cents per share on revenue of $965 million, surpassing consensus of earnings of 15 cents per share on $952 million in revenue, and the company's guidance of earnings of 14 cents per share on $930 million in revenue.

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The quarter's largest gainer is expected to be the "Destiny: The Taken King" expansion pack that may have sold up to 6.5 million units, analysts added.

Additionally, Activision Blizzard's new eSports...