Benzinga - Electronic Arts Inc (NASDAQ: EA) reported fourth-quarter financial results.
EA reported fourth-quarter revenue of $1.874 billion. The company said net bookings increased 11% year-over-year to $1.946 billion.
EA expects full-year 2024 revenue to be between $7.3 billion and $7.7 billion versus a consensus of $7.54 billion. Full-year earnings are expected to be between $3.30 and $3.81 per share.
Electronic Arts shares gained 3% to $129.11 in pre-market trading.
These analysts made changes to their price targets on Electronic Arts after the company reported quarterly results.
- Barclays raised the price target on Electronic Arts from $124 to $130. Barclays analyst Mario Lu maintained an Equal-Weight rating.
- Baird increased Electronic Arts price target from $125 to $145. Baird analyst Colin Sebastian maintained an Outperform rating on the stock.
- Wells Fargo boosted Electronic Arts price target from $135 to $145. Wells Fargo analyst Conor Fitzgerald maintained an Equal-Weight rating on the stock.
- Raymond James increased the price target on Electronic Arts from $135 to $150. Raymond James analyst Andrew Marok maintained the stock with an Outperform.
- Credit Suisse raised Electronic Arts price target from $138 to $142. Credit Suisse analyst Stephen Ju maintained the stock with an Outperform.
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