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Fly News Breaks for June 24, 2019
TTWO, EA
Jun 24, 2019 | 06:26 EDT
Stephens analyst Jeff Cohen said he is switching his best idea in video games to Electronic Arts (EA) from Take-Two (TTWO) as he sees more near-term catalysts for the former, noting that Apex Legends Season 2 begins on July 2. While not predicting that Apex is going to eclipse Fortnite again as it did in February, Cohen thinks Fortnite's popularity has "hit a lull" with Season 2 launching at the right time to capture momentum for Apex. The analyst, who sees a bull case scenario where Season 2 generates $150M in revenue for EA, also expects the company to announce a deal to bring Apex to China and mobile, he said. Cohen keeps an Overweight rating on EA shares with a $120 price target.
News For EA;TTWO From the Last 2 Days
TTWO
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
TTWO
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here