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Stock impact report

Electronic Arts jumps 12% as upbeat analysts see path to more growth [Seeking Alpha]

Electronic Arts Inc. (EA) 
Last electronic arts inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ea.com
Company Research Source: Seeking Alpha
Electronic Arts jumps 12% as upbeat analysts see path to more growthMay 11, 2022 12:08 PM ETElectronic Arts Inc. (EA)By:Jason AycockSA News EditorKevork Djansezian/Getty Images NewsElectronic Arts (NASDAQ:up 12%Wednesday trading after itsearnings reportshowed stronger profitability despite low bookings guidance.Wall Street generally liked what it saw from a quarter that was in line with expectations in some ways, but impressed in key other areas. MoffettNathanson upgraded EA stock to Buy from Neutral, and set its price target to $141.Jefferies reiterated its Buy rating, noting its surprise at an increase in full-year guidance amid the sector pressures right now."With a new CFO and on the heels of a disappointing major title 1Q ago, it's almost shocking," analyst Andrew Uerkwitz says. "We prefer a de-risked stock in this environment, but we appreciate the bold move as it relies on mobile, FQ4 launches of new titles, and solid execution through a tumultuous time."The firm was convinced Show less Read more
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