Electronic Arts (EA) PT Raised to $181 at Benchmark

May 12, 2021 8:45 AM EDT
Get Alerts EA Hot Sheet
Price: $139.91 --0%

Rating Summary:
    30 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 21 | New: 43
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Benchmark analyst Mike Hickey raised the price target on Electronic Arts (NASDAQ: EA) to $181.00 while maintaining a Buy rating.

The analyst commented, "EA delivered a significant F4Q21 beat and initiated strong F1Q22 and FY22 financial guidance. Live services ex-mobile was key determinant of financial upside in the quarter, or up 39% in the quarter and represented an impressive 62% of total FY21 revenue. Live service offers a player social network with both a predictable and strong enabler of elevated retention, engagement, and monetization. EA guided FY22 18% revenue growth, exceeding consensus, of which we approximate organic growth was high single digit. Key growth considerations include EA Sports, Battlefield (+mobile) and Apex Legends (+mobile). We anticipate additional upside from potential cost synergies from Glu Mobile, Codemasters, and Metalhead Software that have not been included into FY22 profitability guidance."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change