In a report released yesterday, Michael Pachter from Wedbush maintained a Buy rating on Electronic Arts (EA – Research Report), with a price target of $179.00.
Michael Pachter has given his Buy rating due to a combination of factors that suggest strong future performance for Electronic Arts. One key reason is the anticipated success of their recent game release, Split Fiction, which has already surpassed sales expectations and is projected to continue performing well. Additionally, the upcoming fiscal year is expected to be significant for EA, with major releases such as Battlefield, skate., and Star Wars Zero Company, along with the potential introduction of a Marvel game, all contributing to a positive outlook.
Furthermore, Pachter is confident that EA will outpace market growth and achieve margin expansion through fiscal year 2027, supported by a robust lineup of new titles and recurring revenue streams. The company is also expected to benefit from share buybacks, which will likely enhance earnings per share. Pachter maintains an OUTPERFORM rating with a 12-month price target of $179, reflecting a favorable price-to-earnings ratio and strong cash position.
According to TipRanks, Pachter is an analyst with an average return of -5.6% and a 42.68% success rate. Pachter covers the Communication Services sector, focusing on stocks such as Electronic Arts, Take-Two, and fuboTV.
In another report released on April 25, Oppenheimer also maintained a Buy rating on the stock with a $170.00 price target.