JPMorgan analyst Cory Carpenter has increased the price target for Electronic Arts (EA, Financial) from $125 to $135, while maintaining a Neutral rating on the stock. This adjustment comes as the firm reevaluates its outlook ahead of the company's first-quarter earnings announcement.
In response to current macroeconomic challenges and tariff uncertainties, the firm has revised its outlook, leading to reduced estimates and pricing targets for many small to mid-cap internet and video game companies. Revenue forecasts have been decreased by up to 5%, with the most significant revisions applying to companies that are directly affected by these macroeconomic and tariff issues.
These adjustments reflect a cautious stance as market conditions fluctuate, impacting how companies like Electronic Arts navigate the economic landscape in the coming period.
