Benchmark Maintains Buy on Electronic Arts, Lowers Price Target to $153
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mike Hickey maintains a Buy rating on Electronic Arts (NASDAQ:EA) but lowers the price target from $159 to $153.
August 04, 2023 | 11:04 am
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NEUTRAL IMPACT
Electronic Arts' price target has been lowered from $159 to $153 by Benchmark, though the Buy rating is maintained.
The news of a lowered price target could potentially have a negative impact on investor sentiment, causing some short-term volatility in EA's stock price. However, the maintained Buy rating indicates that the analyst still sees potential upside in the stock, which could offset any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100