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Fly News Breaks for June 22, 2018
EA
Jun 22, 2018 | 08:24 EDT
Needham analyst Laura Martin raised her price target on Electronic Arts to $170 and kept her Buy rating, citing the company's ongoing efforts in driving subscription revenues. Martin estimates those sales to reach about $240M in FY19 amid the prevailing trend among millenials to rent content rather than own it, adding that the model also reduces revenue volatility from game-makers' "hit" titles. The analyst also raised her FY19 EPS forecast to $5.00 from $4.85.
News For EA From the Last 2 Days
EA
Apr 24, 2024 | 13:19 EDT
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