Cowen analyst Doug Creutz lowered the firm’s price target on Electronic Arts to $136 from $158 and keeps an Outperform rating on the shares. The analyst they reported very soft results and they maintain their rating because this should serve as a clearing event, with new 2024 numbers low enough that the company should be able to beat them and shares look pretty cheap here.
Published first on TheFly
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Read More on EA:
- Electronic Arts price target lowered to $125 from $145 at Baird
- Electronic Arts price target lowered to $118 from $132 at Barclays
- Electronic Arts price target lowered to $132 from $154 at Credit Suisse
- Electronic Arts price target lowered to $135 from $150 at Raymond James
- Electronic Arts price target lowered to $138 from $155 at KeyBanc
