On Oct 30, major Wall Street analysts update their ratings for $Electronic Arts Inc (EA.US)$, with price targets ranging from $150 to $183.
Morgan Stanley analyst Matthew Cost maintains with a hold rating, and maintains the target price at $150.
J.P. Morgan analyst Cory Carpenter maintains with a hold rating, and adjusts the target price from $155 to $150.
BofA Securities analyst Omar Dessouky maintains with a buy rating, and sets the target price at $170.
Jefferies analyst James Heaney CFA maintains with a buy rating, and maintains the target price at $175.
TD Cowen analyst Doug Creutz maintains with a buy rating, and maintains the target price at $183.
Furthermore, according to the comprehensive report, the opinions of $Electronic Arts Inc (EA.US)$'s main analysts recently are as follows:
Electronic Arts reported fiscal Q2 bookings and adjusted earnings that exceeded the high-end of guidance and upgraded its fiscal 2025 forecast. Nonetheless, consistency in execution on non-sports titles is anticipated, with a favorable view towards Take-Two leading up to the GTA VI release scheduled for Fall 2025.
Electronic Arts reported a strong earnings beat-and-raise for Q2, surpassing high expectations. This performance was bolstered by the success of its sports titles, which balanced out the less than anticipated results from Apex Legends. Additionally, a significant increase in hours played for American Football titles indicates that the introduction of College Football is likely to enhance rather than detract from the company's broad spectrum of offerings.
The firm noted that Electronic Arts' second-quarter results surpassed expectations, aligning with the robust initial engagement and monetization observed with College Football. The effective amalgamation of Madden and College Football is cultivating a growing community of American football enthusiasts. This development, coupled with Electronic Arts' prominence in global football (soccer), is perceived to lay the groundwork for enhanced recurrent revenues.
Here are the latest investment ratings and price targets for $Electronic Arts Inc (EA.US)$ from 10 analysts:
Note:
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