- The shares of Electronic Arts Inc. (NASDAQ: EA) have received a price target of $150 from Citi. These are the details.
The shares of Electronic Arts Inc. (NASDAQ: EA) have received a price target of $150 from Citi. And Citi analyst Jason Bazinet upgraded EA to a “Buy” rating from a “Neutral” rating while reducing the price target from $160.
Bazinet noted that the company stock has been under pressure since it reported its results in early November, which creates a favorable risk/reward scenario.
Plus Bazinet noted that the base case assumes Battlefield 2042 performs below Battlefield V and experiences some incremental IDFA headwinds. But the company is still able to achieve its fiscal 2022 outlook.
Bazinet’s analysis suggests that most of the downside risk may be priced into the equity at the current levels.
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