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Fly News Breaks for January 28, 2020
Jan 28, 2020 | 05:12 EDT
Piper Sandler analyst Michael Olson raised his price target for Electronic Arts to $124 from $106 and maintains an Overweight rating on the shares ahead of the company's December quarter results on January 30. The analyst anticipates revenue in-line with consensus, with potential upside driven by Star Wars Jedi: Fallen Order. Fuhrer, he believes there is potential for a "modest uptick" in fiscal 2020 guidance given a strong Star Wars launch and Apex monetization.