Electronic Arts price target raised to $160 from $140 at Benchmark

Benchmark raised the firm’s price target on Electronic Arts (EA) to $160 from $140 and keeps a Buy rating on the shares. Take-Two (TTWO) executives reaffirmed Grand Theft Auto VI’s “fall 2025” release window during their last earnings call, but notably avoided specifying an exact date and when pressed on whether they were officially reaffirming the timeline, their response “appeared defensive, suggesting a lack of confidence in the precise launch window,” the analyst tells investors. The analyst, who thinks a “modest delay” for Grand Theft Auto VI would be “a net positive for TakeTwo” on the view that Rockstar’s extra development time would yield higher overall quality, adds that EA’s Battlefield could secure a commanding holiday spotlight absent direct competition from Rockstar, arguing that “even a short GTA VI postponement could enhance Rockstar’s eventual results while simultaneously opening a high-impact release window for EA’s Battlefield.”