EA's Strong FY25 Start: Analysts Optimistic on Sports Titles but Cautious on Non-Sports Growth
Portfolio Pulse from Nabaparna Bhattacharya
Electronic Arts Inc. (NASDAQ:EA) shares are trading higher following the release of their first-quarter net bookings, which exceeded company guidance despite being lower than the previous year. Analysts have mixed views, with some raising price forecasts and others maintaining neutral ratings due to concerns about non-sports titles.
July 31, 2024 | 6:42 pm
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Electronic Arts Inc. (NASDAQ:EA) reported first-quarter net bookings of $1.26 billion, exceeding company guidance but down from last year's $1.58 billion. Analysts have mixed views, with some raising price forecasts and others maintaining neutral ratings due to concerns about non-sports titles.
EA's Q1 net bookings exceeded company guidance, which is a positive indicator for the stock. However, the decline from last year's figures and mixed analyst ratings introduce some uncertainty. The overall sentiment is cautiously optimistic, leading to a likely short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100