Morgan Stanley analyst Brian Nowak reiterated an Equal Weight rating and $130 price target on Electronic Arts ahead of the launch of the company’s newest game "Star Wars Jedi: Survivor." The firm said it will be closely monitoring early signs of success from the title, which has already received "strong" reviews," ahead of the game maker’s Q4 earnings call on May 9. Morgan Stanley estimates that each incremental unit sold could drive 2% upside to its FY24 earnings per share estimate of $6.50.
Published first on TheFly
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