Electronic Arts price target raised to $170 from $150 at Oppenheimer

Oppenheimer raised the firm’s price target on Electronic Arts to $170 from $150 and keeps an Outperform rating on the shares. The firm notes EA Sports College Football 25 was released on Monday for players with early-access privileges. Oppenheimer has observed an overwhelmingly positive response to CFB25 since its official reveal trailer a month ago. Based on its deep dive of CFB25, the firm believes EA has delivered on the promise of building CFB25 from the ground up and then some. While CFB25’s potential cannibalization of Madden NFL 25 remains a key risk to FY25 guidance, Oppenheimer is incrementally more comfortable with CFB25’s potential to outperform management expectation and the downside risk from Dragon Age in FY25.