BofA raised the firm’s price target on Electronic Arts to $145 from $135 and keeps a Neutral rating on the shares. The firm, which raised its fiscal Q1 net bookings estimate slightly to $1.58B to reflect a stronger macro backdrop and de-risked mobile estimates, notes that it is now in line with the Street view and “within the high end of guidance.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EA:
- Game On: Exclusive talk with Wedbush analyst Michael Pachter
- What You Missed This Week in Video Games
- Disney downgraded, Meta Platforms upgraded: Wall Street’s top analyst calls
- Electronic Arts price target raised to $151 from $144 at Stifel
- Electronic Arts price target raised to $159 from $150 at Benchmark