UPDATE: Raymond James Starts Electronic Arts (EA) at Outperform

Raymond James analyst Andrew Marok initiates coverage on Electronic Arts (NASDAQ: EA) with a Outperform rating and a price target of $164.00.

The analyst comments "EA’s combination of a dominant sports lineup with a diverse portfolio of owned-IP franchises give the company a highly-competitive content lineup. We see plenty to like in the company’s current portfolio, including growth in pex
Legends, reliable contributions from sports titles, and recent strong execution in Star
Wars games. We see a strong outlook for the company’s portfolio, including continued scaling of Ultimate Team, non-sports opportunities in pex
Legends mobile and the return of Battlefield, and the addition of Codemasters’ racing properties to its sports lineup. These factors, combined with a relatively attractive valuation relative to peers, gives us confidence in EA’s growth trajectory."

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 $146.00 yesterday.

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