Roth MKM raised the firm’s price target on Electronic Arts (EA) to $158 from $154 but keeps a Neutral rating on the shares after its Q2 earnings beat. The company’s sports titles fueled better-than-expected results led by the combination of NCAA Football and Madden NFL, while its management has demonstrated an ability to thrive in the sports arena by engaging large audiences and scaling its services, the analyst tells investors in a research note. The firm adds however that it would take a more constructive stance if EA could also demonstrate a consistent ability with its non-sports games.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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 raised to $160 from $154 at BMO Capital
- Electronic Arts price target raised to $175 from $170 at Baird
- Electronic Arts price target lowered to $150 from $155 at JPMorgan
- Electronic Arts Reports Record Q2 Earnings
- Closing Bell Movers: Alphabet up over 5% on Q3 earnings beat