UPDATE: Electronic Arts (EA) PT Lowered to $153 at Benchmark

August 31, 2018 7:21 AM EDT
Get Alerts EA Hot Sheet
Price: $144.99 +1.90%

Rating Summary:
    30 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - August 31, 2018 9:13 AM EDT)

(updated to add analyst comment)

Benchmark analyst Mike Hickey lowered the price target on Electronic Arts (NASDAQ: EA) to $153.00 (from $164.00) while maintaining a Buy rating.

The analyst comments "We view the Company’s near term risk/reward profile balancing neutral; key positive themes include: a somewhat compelling medium term game slate, digital monies growth (live service + digital download), strong cash generation and operating leverage and a meaningful share repurchase plan, somewhat offset by an exceedingly competitive holiday window, increased op-ex expense growth, negative FX trends and recent miss-execution on game quality. We believe the potential commercialization of a premium subscription and streaming service can greatly expand TAM, per player monetization and margin; potentially transformation for the Company’s long term growth profile."

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