PlayStation 5 (SONY) users will see a price hike in various regions starting April 14, as Sony adjusts for economic challenges like inflation and exchange rate fluctuations. The PS5 Digital Edition is set to cost EUR 499.99 in Europe and GBP 429.99 in the UK, while Australian prices will be A$829.95 for the standard edition and A$749.95 for the digital version. New Zealand will see equivalent hikes. Meanwhile, pricing remains unchanged for the PS5 Pro, and there's a reduction in the cost of the PS5 Disc Drive from April 14.
In gaming news, Sony is releasing "Indiana Jones and the Great Circle" for PS5 on April 17. Originally launched in December 2024 for PC and Xbox Series X/S (MSFT), this title's PS5 debut could entice new users and boost sales despite the price changes.
On the broader gaming landscape, President Donald Trump has paused tariffs for 90 days, offering Nintendo (NTDOY) the opportunity to launch the Switch 2 in the U.S. on June 5 without additional pricing pressures. This move is strategically important, as the U.S. represents over a third of Nintendo's market.
Oppenheimer has upgraded Roblox (RBLX) from Perform to Outperform with a new price target of $70, noting the company's potential for sustained growth and margin expansion. The decision comes as revenue from programmatic video ads is anticipated to impact in 2025, while current user engagement remains strong.
Additionally, the U.S. government is considering delisting Chinese companies like Tencent (TCEHY) and NetEase (NTES) from American exchanges, amid ongoing trade tensions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Electronic Arts Inc (EA, Financial) is $148.22 with a high estimate of $179.00 and a low estimate of $126.00. The average target implies an upside of 2.06% from the current price of $145.22. More detailed estimate data can be found on the Electronic Arts Inc (EA) Forecast page.
Based on the consensus recommendation from 30 brokerage firms, Electronic Arts Inc's (EA, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Electronic Arts Inc (EA, Financial) in one year is $143.66, suggesting a downside of 1.07% from the current price of $145.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Electronic Arts Inc (EA) Summary page.
