Baird analyst Colin Sebastian said Electronic Arts delivered solid Q results but he feels its report was overshadowed by out-year pipeline concerns. He said the pipeline shift raises questions about 2021 growth as management confirmed the next installment of its key Battlefield franchise will not ship until 2022. He noted Live Services showed impressive growth but mobile remained a relative weak spot. Sebastian reiterated his Outperform rating and lowered his price target to $108 from $114 on Electronic Arts shares.
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