Electronic Arts price target raised to $168 from $166 at BofA

BofA analyst Omar Dessouky raised the firm’s price target on Electronic Arts (EA) to $168 from $166 and keeps a Neutral rating on the shares after fiscal Q1 bookings of $1.30B beat BofA and Street estimates and fiscal Q2 guide was below the Street, which the firm says is mostly because of differences in revenue phasing. The firm raised its price target due to a higher FY26 EPS forecast of $8.20, noting that it now models 7M Battlefield 6 units being sold in FY26, assuming a holiday launch.