Citi raised the firm’s price target on Electronic Arts (EA) to $153 from $139 and keeps a Neutral rating on the shares. The firm unwound the downward revisions it made to its advertising forecasts earlier this year related to tariff risks. The media group will see significant acquisitions over the next few years, the analyst tells investors in a research note.
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Read More on EA:
- EA axes ‘Black Panther’ game, shutters Cliffhanger studio, IGN reports
- Game On: U.S. video game spending fell 3% in April, says Circana
- Game On: Take-Two reports mixed Q4 earnings results
- Electronic Arts price target raised to $170 from $147 at Argus
- EA says staff have to come back to office three days a week, Bloomberg says
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