Analyst Bullish On Electronic Arts Inc. (EA)
Analyst Neil Doshi from Mizuho Securities reiterated a Buy rating for Electronic Arts Inc. (NASDAQ:EA) with a price target of $84, marking a 9% increase from current levels. This came after EA reported 1Q earnings with revenues of $682 million, 5% above estimates. EPS came in at $0.07, which was ahead of estates of ($0.02). The analyst expects momentum from this report to carry over as he sees several positive catalysts for the company. First, GamesCom in Germany, where EA will showcase its franchise, should provide a nice boost for the company. The Olympics, “where EA’s FIFA and NBA titles could resonate well with various Olympic games. Finally, it has several releases in F2H17 including Battlefield 1, Titanfall 2, and Mass Effect 4.
According to TipRanks, Doshi has a success rate of 63% with an average return of 11.6% per recommendation.