Electronic Arts (EA) PT Raised to $179 at Stifel

Stifel analyst Drew Crum raised the price target on Electronic Arts (NASDAQ: EA) to $179.00 (from $170.00) while maintaining a Buy rating.

The analyst commented, "Electronic Arts reported better-than-expected FY2Q results. Key franchises drove the outperformance, notably Apex Legends and FIFA, both of which contributed to robust Live Services growth, more than offsetting some weakness in mobile. And the company raised FY2022 guidance (again), and we've increased estimates. Overall, this was a welcomed update for what has been a dreadful CY3Q earnings cycle for video game stocks."

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