Electronic Arts price target raised to $151 from $144 at Stifel

Stifel raised the firm’s price target on Electronic Arts to $151 from $144 and keeps a Buy rating on the shares ahead of the company’s scheduled report of fiscal Q1 results on August 1. The firm is forecasting a “strong start to the fiscal period” and notes that its estimates for non-GAAP EPS and net bookings position its expectations “slightly ahead of the Street and at/above the top-end of guidance.” However, the firm is not anticipating any changes to FY24 guidance with this update, the analyst tells investors.