Electronic Arts (EA): Upside Likely - Benchmark

September 20, 2016 8:07 AM EDT
Get Alerts EA Hot Sheet
Price: $80.65 +0.96%

Rating Summary:
    19 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 18 | New: 11
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Benchmark analyst, Mike Hickey, reiterated his Hold rating on shares of Electronic Arts (NASDAQ: EA) along with his price target of $98 but sees "the potential for meaningful upside relative financial expectations".

The company’s product slate includes BF1, which generated nearly +13M beta players. The game is owned IP, internally developed and a player base that index favorably toward digital content. The analyst believes sales in fiscal ’18, should benefit from a mix shift toward digital.

The analyst expects reported financial upside over current expectations, a compelling forward game slate over current-gen console growth, digital market / service elevated growth, strong cash generation and operating leverage through cost controls; offset somewhat by less visibility on fiscal ’18 frontline growth opportunity and on-going global economic concerns.

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 $82.77 yesterday.

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