Oppenheimer Reiterates Outperform Rating on Electronic Arts (EA)

Oppenheimer analyst Martin Yang reiterated an Outperform rating and $185.00 price target on Electronic Arts (NASDAQ: EA).

The analyst comments "EA shared key statistics from BF6 open beta in a community update (link). While EA did not explicitly disclose total player count in beta, it revealed that players spent 92.4M gameplay hours and "(BF6) setting a new franchise record for most players in Battlefield beta history." By comparing to other games' open beta disclosures, we conclude that BF6 total player count across all platforms is 18.7M. The estimated BF6 beta player base is 42% higher than that of BF1. Moreover, the latest Call of Duty BO7 trailer's thumb-up/thumb-down ratio has dropped lower than Infinite Warfare's, making BO7 trailer the most disliked in CoD history. The most recent data points above make a stronger case that BF6's performance could match or beat that of BF1."

For an analyst ratings summary and ratings history on Electronic Arts click here. For more ratings news on Electronic Arts click here.

Shares of Electronic Arts closed at $171.55 yesterday.

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