Goldman Sachs analyst Christopher Merwin kept his Buy rating and $84 price target on Activision Blizzard, saying the release of Call of Duty: Black Ops beta version for PS4 with its "battle royale" mode has been "impressive". The analyst also notes that the 95% positive fan reaction to the Blackout trailer on YouTube also bodes positively for engagement. Merwin believes that the sacrifice of campaign mode for potential microtransaction in-game model and a possible Season Pass similar to Fortnite could add 31c to Activision's expected FY19 earnings.