Electronic Arts (EA): Buy On Titanfall Weakness - Mizuho

October 31, 2016 7:33 AM EDT
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Price: $80.12 -0.32%

Rating Summary:
    19 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Mizuho Securities analyst, Neil Doshi, reiterated his Buy rating on shares of Electronic Arts (NASDAQ: EA) after shares fell 4% on concerns that sales of Titanfall 2 were off to a weak start and that unit sales of the game could be nearly half of the company's F17 guidance for 9-10m units.

Based on the analyst's checks of 35 retail stores around the country, review of Metacritic scores, a larger hardware installed base, and recent best sellers' lists, the analyst believes sales of Titanfall 2 are off to a strong start.

No change to the price target of $84.

For an analyst ratings summary and ratings history on Electronic Arts click here. For more ratings news on Electronic Arts click here.

Shares of Electronic Arts closed at $79.45 yesterday.

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