In the midst of Activision stock performing extremely well, analyst Cowen and Company has recently downgraded its rating from “Outperform” to “Market Perform”. However, one of the more interesting things is how the analyst predicts Call of Duty: Black Ops 4 to arrive in 2018.
Furthermore, Cowen has confidence in the company’s core businesses and notes that Call of Duty: WW2 should do a lot better than Call of Duty: Infinite Warfare, the latter which under-performed despite being one of the best selling games of last year. Cowen also noted that Activision stock could remain strong especially if Blizzard decides to announce a new game. Which is interesting given all the buzz surrounding what’s coming next at BlizzCon 2017.
Either way, Activision Blizzard’s next quarterly earnings report will arrive on November 2nd so we’ll get a better idea of how the company is performing when it comes to revenue. Call of Duty: WW2 is meanwhile set to release on November 3rd for Xbox One, PS4 and PC.