Electronic Arts (EA) PT Raised to $95 at Jefferies

Jefferies US Interactive Entertainment Team reiterated a Buy rating and boosted its price target on Electronic Arts (NASDAQ: EA) to $95.00 (from $80.00) following solid results after the close.

The analyst commented, "If EA can post such solid results in its "tough quarter" we are even more optimistic around the holiday, when key title Star Wars Battlefront drops on Nov. 17. EA continues to benefit from two powerful tailwinds: 1) fast console sales and 2) the digital transition, which is resulting in EA being structurally more profitable than ever. Full year guide is coming up on Star Wars enthusiasm, but this is somewhat offset as Mirror's Edge slips into F'17. Reit Buy."

The firm raised FY 2016 EPS from $3.08 to $3.10.

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 $76.06 yesterday.

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