Electronic Arts Potential Value Creation Cycle: Analyst Opines on Upcoming Game Releases and Rising EPS
Portfolio Pulse from Anusuya Lahiri
Credit Suisse analyst Stephen Ju has maintained an Outperform rating on Electronic Arts Inc (NASDAQ:EA) and raised the price target from $142 to $161. Ju anticipates a value creation cycle for EA with upcoming game releases and rising EPS. He expects EPS to rise from ~$7 for FY24 to over $12 by FY29. In the near term, 1QFY24 will likely be driven primarily by Star Wars Jedi: Survivor.
July 24, 2023 | 5:46 pm
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Electronic Arts Inc's stock is expected to perform well due to upcoming game releases and rising EPS. The price target has been raised from $142 to $161 by Credit Suisse analyst Stephen Ju.
The analyst from Credit Suisse has maintained an Outperform rating on EA and raised the price target, indicating a positive outlook for the company. The upcoming game releases and rising EPS are expected to drive the company's value creation cycle, which is likely to positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100