Electronic Arts Gets Price Target Bumps From Analysts After Q4 Results

Electronic Arts Inc EA reported fourth-quarter financial results.

EA reported fourth-quarter revenue of $1.874 billion. The company said net bookings increased 11% year-over-year to $1.946 billion.

EA expects full-year 2024 revenue to be between $7.3 billion and $7.7 billion versus a consensus of $7.54 billion. Full-year earnings are expected to be between $3.30 and $3.81 per share.

Electronic Arts shares gained 3% to $129.11 in pre-market trading.

These analysts made changes to their price targets on Electronic Arts after the company reported quarterly results.

• Barclays raised the price target on Electronic Arts from $124 to $130. Barclays analyst Mario Lu maintained an Equal-Weight rating.
• Baird increased Electronic Arts price target from $125 to $145. Baird analyst Colin Sebastian maintained an Outperform rating on the stock.
• Wells Fargo boosted Electronic Arts price target from $135 to $145. Wells Fargo analyst Conor Fitzgerald maintained an Equal-Weight rating on the stock.
• Raymond James increased the price target on Electronic Arts from $135 to $150. Raymond James analyst Andrew Marok maintained the stock with an Outperform.
• Credit Suisse raised Electronic Arts price target from $138 to $142. Credit Suisse analyst Stephen Ju maintained the stock with an Outperform.