Wells Fargo Starts Electronic Arts (EA) at Equal Weight

Wells Fargo analyst Alec Brondolo initiates coverage on Electronic Arts (NASDAQ: EA) with a Equal Weight rating and a price target of $168.00.

The analyst commented: "Our estimates are largely in-line with consensus and as a result we initiate at Equal Weight with a $168 price target. Our FY26 bookings ests are largely in-line w/ consensus, with lower F2Q:26 bookings driven by CFB, and modestly higher F3Q:26 bookings driven by combination easy FC comps + better BF sale expectations. Our price target implies 18x FY2028 FCF / share of $9.31 (roughly in-line with consensus $9.07); EA has traded at an average P / FY+2 FCF multiple of 18x from 2019 through 2025."

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 $151.68 yesterday.

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