EA Slides as Analysts Lower Target Due to Battlefield V Delay
https://wccftech.com/ea-slides-as-analysts-lower-target-due-to-battlefield-v-delay/
Electronic Arts (EA) (NASDAQ:EA) took a bit of a dip yesterday in the aftermath of their Battlefield V delay from October 19th to November 20th. During business hours yesterday, the stock dropped approximately 9.8% and is down so far today on news that a pair of firms has lowered their target price on the stock. “In previous quarters EA has been able to meet or exceed guidance despite delays or underperformance of AAA games,” Oppenheimer’s Andrew Uerkwitz penned. “Investors could interpret negative guidance revision(s) as intensifying competition or waxing tailwinds from [microtransaction] monetization opportunities.”
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