Electronic Arts delivers softer guidance as revenue misses in Q3
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BoA cuts Electronic Arts (EA) to neutral following poor 3Q report
February 1, 2023 11:07 AM ESTBank of America downgraded Electronic Arts (NASDAQ: EA) to a Neutral (From Buy) rating and cut the price target to $130.00 (From $155.00) following the video game companys 3Q miss.
EA reported 3Q net bookings of $2.34Bn (-5% Y/Y CC), below Streets estimate at $2.49Bn, with both Full Game and PC/Console Live Services well below the Street. Weakness in small titles and new... More
