Benchmark Upgrades Electronic Arts (EA) to Buy
Get Alerts EA Hot Sheet
Rating Summary:
28 Buy, 17 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Benchmark upgraded Electronic Arts (NASDAQ: EA) from Hold to Buy with a price target of $42.50.
Analyst Mike Hickey comments, "We estimate adjusted net revenue of $1,155 million (Street: $1,157 million / Guide: $1,140 million) and diluted EPS of $0.53 (Street: $0.53 / Guide: $0.50). We suspect performance upside for the quarter, and a reiteration and or raise of their fiscal year view, likely driving upside to valuation post print. The Company’s fiscal ’16 period should benefit from a relatively strong slate and installed base growth, that we believe is tracking +50% compared to prior-gen. We suspect investors will begin to focus on fiscal ’16 performance opportunity over the next quarter, which should accelerate target valuation considerations."
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 $35.01 yesterday.
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