Morgan Stanley analyst Brian Nowak reiterated an Equal Weight rating and $130 price target on Electronic Arts ahead of the launch of the company’s newest game "Star Wars Jedi: Survivor." The firm said it will be closely monitoring early signs of success from the title, which has already received "strong" reviews," ahead of the game maker’s Q4 earnings call on May 9. Morgan Stanley estimates that each incremental unit sold could drive 2% upside to its FY24 earnings per share estimate of $6.50.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on EA:
- Barclays ups Activision target, sees ‘strong buying opportunity’
- Electronic Arts downgraded to Market Perform from Outperform at BMO Capital
- Electronic Arts put volume heavy and directionally bearish
- Oppenheimer sees Activision standalone value in mid-$80s per share
- Electronic Arts price target raised to $124 from $118 at Barclays
Questions or Comments about the article? Write to editor@tipranks.com