From Yahoo Finance: 2025-05-07 08:51:00

Electronic Arts (EA) shares rose nearly 5% in premarket trading after an upbeat forecast eased concerns about slowing momentum and revived confidence in its blockbuster sports titles. The gaming industry’s confidence in sustained sales strength remains strong amid economic uncertainty. Monetization for EA’s soccer franchise, “FC”, was up double digits after a recent update. EA also announced the launch of “Battlefield” to compete in the market. Analysts are optimistic about EA’s future performance, with at least 10 brokerages raising their price targets on the stock. Take Two Interactive’s stock also saw a 1.15% increase in premarket trade. EA forecasts fiscal 2026 bookings ranging from $7.60 billion to $8 billion, surpassing market estimates. The company’s stock currently trades at 19.96 times the estimates of its earnings for the next 12 months, with a median price target of $166.



Read more at Yahoo Finance: EA shares jump as it scores big with upbeat forecast, ‘Battlefield’ release