Baird analyst Colin Sebastian lowered the firm’s price target on Electronic Arts to $125 from $145 and keeps an Outperform rating on the shares. The analyst there were more minuses than pluses in 3Q results; however, management prudently reset expectations for both 4Q as well as 2024.
Published first on TheFly
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Read More on EA:
- EA sees mid-single digit top and bottom line growth in FY24
- Chairman of Electronic Arts Wilson sells 5,000 shares of company stock
- Electronic Arts says taking more measured approach to Q4 game launches
- EA says ‘FIFA Mobile’ engagement up triple digits in Q3
- EA stops development on ‘Apex Legends Mobile,’ ‘Battlefield Mobile’
