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Wedbush adds EA to Best Ideas list

May 17, 2019 9:00 AM ETElectronic Arts Inc. (EA) StockEABy: Brandy Betz, SA News Editor3 Comments
  • Wedbush adds Electronic Arts (NASDAQ:EA) on the "outstanding" game lineup for this year that should deliver material upside to the FY20 guidance for net bookings and EPS.
  • Key quote: "We expect a string of near-term catalysts, including updates on Apex MAUs, game reveals at the E3 Expo in June, greater detail on the market expansion potential for services like Google Stadia, and continuing growth of EA’s sports business."
  • Price target: $122.
  • EA shares are down 0.3% to $98.72.

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