Electronic Arts' Q1 Bookings Outlook Raised Based On Pipeline Strength: Analyst Perspective
Portfolio Pulse from Nabaparna Bhattacharya
Truist Securities analyst Matthew Thornton has reiterated a Buy rating on Electronic Arts Inc. (NASDAQ:EA), raising the price target to $150 from $138. The analyst is optimistic about the company's long-term games pipeline and M&A optionality. Based on pipeline strength, the analyst raised the bookings outlook for Q1. EA shares are currently trading lower by 0.22% to $137.91.
July 18, 2023 | 6:37 pm
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Electronic Arts Inc. has received a Buy rating from Truist Securities analyst Matthew Thornton, who raised the price target to $150 from $138. The analyst is optimistic about the company's long-term games pipeline and M&A optionality.
The analyst's positive outlook on Electronic Arts Inc.'s long-term games pipeline and M&A optionality, along with the raised price target, indicates a potential increase in the company's stock price. However, the current trading price is lower, which may be a temporary fluctuation.
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IMPORTANCE 80
RELEVANCE 100