Baird analyst Colin Sebastian raised the firm’s price target on Electronic Arts to $146 from $140 and keeps an Outperform rating on the shares. The firm said its results were a little disappointing relative to stabilizing industry trends, but the company appears to be proactively addressing issues strategically with the recent studio reorganization, and more tactically with updates to the next Apex seasons.
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Read More on EA:
- Electronic Arts price target lowered to $153 from $159 at Benchmark
- Electronic Arts price target raised to $133 from $130 at Barclays
- Electronic Arts falls 3% to $131.50 after Q1 report
- Electronic Arts sees Q2 revenue $1.825B-$1.925B, consensus $1.81B
- Electronic Arts sees 2024 revenue $7.3B-$7.7B, consensus $7.61B