Benchmark raised the firm’s price target on Electronic Arts to $163 from $153 and keeps a Buy rating on the shares after the company delivered better-than-expected Q1 results, initiated better-than-expected Q2 guidance and reiterated FY25 guidance. The firm is “optimistic” about the growth potential of the EA SPORTS franchise portfolio, which will be a key driver in Q2 and is anticipated to surpass expectations, says the analyst, who adds that EA typically exceeds Q1 guidance without raising fiscal year projections.
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>>
Read More on EA:
- Is EA Stock (NASDAQ:EA) a Great Buy Before Football Season Starts?
- Electronic Arts (NASDAQ:EA) Gains as Strike Worries Dwindle
- Electronic Arts price target raised to $152 from $135 at Roth MKM
- EA Earnings this Week: How Will it Perform?
- Video game voice actors in SAG-AFTRA to go on strike over AI protections