BMO Capital Downgrades Electronic Arts (EA) to Market Perform

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BMO Capital cuts Electronic Arts (EA) to Market Perform over 'lingering concerns'

April 27, 2023 8:15 AM EDT

BMO Capital downgraded Electronic Arts Inc. (NASDAQ: EA) to a Market Perform rating (From: Outperform) and cut their price target on the stock to $125.00 (From $150.00) following a decision by the UK Competition and Markets Authority to block the Microsoft/Activision Blizzard deal.

Analyst,... More

Electronic Arts (EA) option implied volatility near low end of range

April 27, 2023 4:01 AM EDT

Electronic Arts (NASDAQ: EA) 30-day option implied volatility is at 31; compared to its 52-week range of 20 to 45.

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Stifel on Activision Blizzard (ATVI): 'we value the business in the mid/ high $80s/share range'

April 26, 2023 8:06 AM EDT

Stifel analyst Drew Crum reiterated a Buy rating on Activision Blizzard (NASDAQ: ATVI).

The analyst comments "What happened? The CMA's ruling centered on concerns about competition within the nascent cloud gaming market. From the time the deal was announced in January '22, the antitrust focus was exclusivity of games (i.e., Call of Duty) on Xbox. And recent commentary from the U.K. suggested such... More