Electronic Arts (EA) PT Lowered to $120 at Wells Fargo

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Go back to Electronic Arts (EA) PT Lowered to $120 at Wells Fargo

BoA cuts Electronic Arts (EA) to neutral following poor 3Q report

February 1, 2023 11:07 AM EST

Bank 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