UPDATE: Electronic Arts (EA) PT Raised to $177 at Credit Suisse

Credit Suisse analyst Stephen Ju raised the price target on Electronic Arts (NASDAQ: EA) to $177.00 (from $175.00) while maintaining a Outperform rating after the company posted a high-quality quarter in which the majority of the outperformance came from Live Services.

The analyst stated "the underlying momentum resulted in a greater flow-thru to FY22 guidance, which edges higher on both revenue/EPS (2QFY22 revenue beat $126mm vs. guidance, FY22 revenue increase $225mm, and EPS beat $0.48 vs. guidance with FY22 EPS increase at $0.55)."

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