Argus analyst Joseph Bonner is raising his FY19 EPS view on Electronic Arts to $4.99 from $4.78 after its latest earnings, saying the company shows a double-digit profit growth and mid-single digit revenue growth trend. The analyst points to the management's expectations of back-end loaded FY19 based on the timing of expected blockbuster games releases however, keeping his Hold rating on Electronic Arts. Bonner also notes that the stock price is trading near the high end of its recent range, while its forward enterprise value/sales multiple of 6.3-times is 40% above the peer average.

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