Wedbush analyst Michael Pachter has maintained their bullish stance on EA stock, giving a Buy rating today.
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Michael Pachter has given his Buy rating due to a combination of factors that suggest a positive outlook for Electronic Arts. Firstly, the announcement of the Battlefield Labs community testing program and the anticipated release of a new Battlefield installment by FY:26 boost confidence in the company’s future performance. Additionally, the company’s robust development process is expected to meet earnings estimates for the upcoming fiscal years, supported by an accelerated share repurchase program that underscores its earnings potential.
Moreover, EA has a strong lineup of upcoming titles, including new entries in popular franchises like Mass Effect, Iron Man, Black Panther, Star Wars, and The Sims, which are anticipated to drive top-line growth. Despite some setbacks in their current fiscal year, EA’s guidance reflects optimism for a rebound, with trends in their Global Football business showing signs of improvement. The raised price target to $179, based on a P/E ratio of 20x the updated FY:27 EPS estimate, further supports the Buy rating.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $160.00 price target.