- Electronic Arts' (EA -0.9%) investor day earned it a price target boost from Oppenheimer, as it previewed a more interesting game slate and largely inspired confidence in its plans for $1B in incremental revenue.
- Analyst Andrew Uerkwitz raised his target to $88, from $78. With today's lower price, Uerkwitz's new target implies 18% upside in the stock; he rates it Outperform.
- “We came away more confident in EA’s growth strategy and ability to engage existing and potential customers with new tools,” Uerkwitz writes. “We believe secular tailwinds such as the move to digital and mobile will support multiyear margin expansion and profit growth for the company.”
- Now read EA Is A Long-Term Stock To Bet On »