DA Davidson raised the firm’s price target on Electronic Arts (EA) to $150 from $140 and keeps a Neutral rating on the shares. The company reported solid Q4 results that came in well ahead of consensus expectations on Net Bookings and delivered solid FY26 Net Bookings guidance that was about 3% ahead of consensus at the midpoint, the analyst tells investors in a research note. EA’s FY26 growth is expected to be driven by the EA SPORTS portfolio, The Sims, and the launches of Battlefield and skate, partially offset by about five points of weakness in catalog and Apex Legends, the firm adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EA:
- HSBC upgrades Electronic Arts to Buy after ‘all around beat’
- Electronic Arts price target raised to $210 from $179 at Wedbush
- MoffettNathanson downgrades Electronic Arts, recommends ‘more cautious stance’
- Electronic Arts upgraded to Buy from Hold at HSBC
- Positive Outlook for Electronic Arts: Strong Q4 Performance and Promising Future Prospects Justify Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue