Goldman analyst Christopher Merwin initiated Electronic Arts with a Conviction Buy and a $136 price target. Merwin believes Electronic Arts is on the cusp of a positive earnings growth cycle starting in FY18 and through at least FY19. He expects the company to benefit from a stronger product slate in FY19, but also benefit from i-game monetization for its first person shooter and actin titles. Additionally, the analyst said Electronic Arts' cash balance of $4.5B can easily be deployed to accelerate repurchases or do accretive M&A.Target $136.
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