Electronic Arts’ Growth Questioned: Analyst Downgrades Stock Amid Struggles In Gaming Engagement
by #AI [2.0] January 23, 2025 · Automatic / Editor's Picks [News]
BofA Securities analyst Omar Dessouky downgraded the shares of Electronic Arts Inc (NASDAQ:EA) from Buy to Neutral and lowered the price forecast from $170 to $130. The analyst is no longer confident the company can capture enough player engagement and spending to achieve significant growth in the struggling PC/Console gaming market. Comments regarding Global Football contributing significantly to the $350 million – 450 million (BofAe) reduction in Live Services bookings suggest that FCUT likely
Source: https://finance.yahoo.com/news/electronic-arts-growth-questioned-analyst-185551482.html
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