Roth MKM analyst Eric Handler lowered the firm’s price target on Electronic Arts (EA) to $134 from $158 and keeps a Neutral rating on the shares. The company has significantly cut its FY25 bookings guidance, reflecting disappointing preliminary Q3 results and lower implied Q4 projections, the analyst tells investors in a research note. Given EA FC’s importance, with over $3B in annual bookings or over 40% of total bookings, anything other than a short-term, cyclical hiccup could be “highly problematic” for the company’s growth, the firm added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EA:
- Electronic Arts price target lowered to $140 from $165 at Oppenheimer
- Electronic Arts price target lowered to $158 from $175 at Baird
- Electronic Arts price target lowered to $133 from $159 at Stifel
- Electronic Arts downgraded to Neutral at BofA on less clear growth outlook
- Electronic Arts downgraded to Neutral from Buy at BofA