Electronic Arts Inc. (NASDAQ:EA) is set to report its fiscal fourth-quarter (F4Q) earnings on May 7 after the market closes. With the gaming landscape facing macroeconomic headwinds and specific challenges, EA’s upcoming earnings are approached with moderated expectations.
EA Analysts’ Overview: Oppenheimer analysts Martin Yang, CFA, and Andrew Northcutt continue to rate EA as Outperform with a price target of $150.
Despite current market challenges, they believe EA’s valuation provides decent downside protection.
See Also: EA Drops UK Quality Team, Leaves 40 Apex Legends Staffers In Limbo
Moderated Expectations: The analysts have adjusted their outlook, anticipating EA’s performance to align with conservative guidance due to softer live service bookings and a leaner release slate.
“We see investor sentiment as neutral to ...