https://wccftech.com/activision-blizzard-slump-call-of-duty-battle-pass-delayed/

The previous few days have proven to be poor for Activision Blizzard (NASDAQ:ATVI) following the release of its quarterly earnings. Despite beating predictions, share prices faltered from $56.78 upon opening on the 7th of November to $52.52 upon the close of the day yesterday, the 11th of November.

Yesterday alone saw shares fall 3.28%, even though the majority of brokerages have the company as a buy rating, with an average target price of $59.81. Recently JPMorgan Chase & Co raised its price objective for the company from $58 to $62, with other changes coming from Macquarie giving a $58 price target, Bank of America with a $62 price target and Piper Jaffray Companies giving a $62 price target, all three set in the second half of October. On the 4th of November, Piper Jaffray analyst Michael Olson stated his belief that Activision Blizzard "has put a lethargic 2019 behind it and can rebound in 2020".