Information Provided By:
Fly News Breaks for May 17, 2019
May 17, 2019 | 07:12 EDT
Wedbush added Electronic Arts to its Best Ideas List, saying it expects the company to deliver material upside to its fiscal 2020 guidance for netbookings and EPS, driven by Apex Legends and a game lineup this year that appears "outstanding." The firm expects a string of near-term catalysts, including updates on Apex MAUs, game reveals at the E3 Expo in June, greater detail on the market expansionpotential for services like Google Stadia, and continuing growth of EA's sports business. Wedbush has an Outperform rating and $122 price target on the stock.