- The shares of Electronic Arts Inc. (NASDAQ: EA) have received a $165 price target from Stifel. These are the details.
The shares of Electronic Arts Inc. (NASDAQ: EA) have received a $165 price target from Stifel. And Stifel analyst Drew Crum is maintaining a “Buy” rating on the shares following the Q3 results.
Crum noted that EA’s results were in line as FIFA and Apex Legends delivered solid performances, mobile met the assumptions, Battlefield 2042 missed internal forecasts — all of which were cited and contemplated in his preview report. Based on the performance, and near/intermediate-term guidance, Crum updated his game model while annual estimates are largely unchanged.
With the shares trading at just 18.1-times 2023 earnings, Crum views valuations as reasonable.
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