Electronic Arts price target raised to $152 from $135 at Roth MKM

Roth MKM raised the firm’s price target on Electronic Arts to $152 from $135 but keeps a Neutral rating on the shares. The firm is raising its FY25 EPS view by 9c to $7.59 and its revenue to $7.54B from $7.46B, in part to reflect better than expected bookings for NCAA Football 2, the analyst tells investors in a research note. EA appears to be turning the corner, although it needs to show it can effectively execute beyond sports, the firm added.