Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and $88 target on Electronic Arts, citing his follow-up analysis on Apex Legends. Based on the recent developments with the Battle Royale genre, Uerkwitz tells investors in a research note that he believes Apex Legends has staying power as a leading hardcore battle royale shooter. The analyst says he is gaining confidence that the low end of his revenue range is too low.
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here