Stifel analyst Drew Crum, who has a Buy rating on the shares, boosted his price target by $7 to $65 on Monday. The reason, according to Crum, is the prospect of Activision improving earnings performance in 2020 after a scaled-back 2019. Wall Street expects earnings of $2.19 per share this year, down from $2.59 a year ago, then a move to $2.52 next year and growth thereafter.
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