Baird Maintains Outperform on Electronic Arts, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Colin Sebastian maintains an Outperform rating on Electronic Arts (EA) but lowers the price target from $160 to $150.
May 08, 2024 | 11:39 am
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Baird maintains an Outperform rating on Electronic Arts but lowers the price target from $160 to $150.
While the reduction in price target could suggest a more cautious outlook on EA's short-term price potential, the maintenance of an Outperform rating indicates a continued positive view on the company's fundamentals and long-term prospects. This mixed signal might lead to a neutral short-term impact on EA's stock price as investors weigh the lowered price target against the analyst's ongoing confidence in the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100