BMO Capital analyst Gerrick Johnson raised his price target on Electronic Arts to $116 and kept his Outperform rating after its latest update that Apex Legends player count has reached 25M with "well over" 2M concurrent players at the peak. The analyst believes that the gamer count for the title will continue to expand and for player engagement to remain high, raising his FY19 and FY20 EPS estimates by 6c and 80c respectively to $3.91 and $5.30.
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