Electronic Arts reported December quarter results slightly ahead of consensus driven by strong sales of Star Wars Jedi: Fallen Order, Piper Sandler analyst Michael Olson tells investors in a post-earnings research note. The company's fiscal 2020 earnings guidance was raised by more than the beat, but remains below consensus, which is not surprising given the March quarter will rely largely on Live Services from already launched titles, adds Olson. He maintains an Overweight rating on Electronic Arts and raised his price target for the shares to $126 from $124.

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