Citi analyst Jason Bazinet maintains $Electronic Arts Inc (EA.US)$ with a hold rating, and adjusts the target price from $161 to $163.
According to TipRanks data, the analyst has a success rate of 61.2% and a total average return of 8.6% over the past year.
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 surpassed the high-end of guidance and increased its fiscal 2025 forecast. Nevertheless, consistent execution on non-sports titles is anticipated, with a preference observed for peer publishers leading into major game launches in Fall 2025.
Electronic Arts exhibited robust financial performance in Q2, surpassing heightened anticipations. This was primarily fueled by the success of its sports games, which compensated for the lesser performance of Apex Legends. Additionally, the company emphasized a significant 140% increase in hours played across its American Football games, indicating that the introduction of College Football is likely to enhance rather than detract from its diverse game offerings.
The company's second-quarter results surpassed expectations, aligning with robust initial engagement and monetization of College Football. The effective integration of Madden and CFB is cultivating a growing community of American football gamers. Together with the company's dominance in global football (soccer), it lays the groundwork for an increase in recurring revenues.
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