Video Gaming Giant Electronic Arts Eyes Steady Growth: Analyst Calls It Top Pick, Raises Price Target
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Mike Hickey maintains Electronic Arts Inc (NASDAQ:EA) with a Buy rating and raises the price target from $144 to $150. EA is the analyst's top pick in the EDM sector. Hickey believes EA has a compelling medium-term growth opportunity, with limited downside execution risk and near-term business momentum driving growth upside in 1Q24.
May 24, 2023 | 4:12 pm
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Electronic Arts' price target raised to $150 by Benchmark analyst Mike Hickey, who sees a compelling medium-term growth opportunity and limited downside risk for the company.
The article states that Benchmark analyst Mike Hickey has raised the price target for Electronic Arts (EA) from $144 to $150, citing a compelling medium-term growth opportunity and limited downside risk. This positive outlook on EA's growth potential and the analyst's Buy rating are likely to have a positive short-term impact on the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100