Stifel analyst Drew E. Crum reiterated a Buy rating on Electronic Arts Inc (NASDAQ:EA), raising the price target to $155 from $152.
Electronic Arts kicks off the fourth quarter earnings cycle for the video game stocks, and is scheduled to report its third quarter on January 30th.
The analyst’s estimates include non-GAAP EPS of $2.83 (vs. $2.80 last year) on net bookings of $2.332 billion (-0% y/y), slightly below the Street but near the mid-point of management’s guidance range across all key metrics.
The analyst projects growth for Live Services ex- mobile (+3%; 59% of total net bookings) against lower ...