Electronic Arts execution should lead to multiple expansion, says Brean Capital Brean Capital said industry checks show new consoles are selling better than expected and software attach rates have been higher than expected. As a result, the firm feels Electronic Arts and other video game developers are well positioned for upside to guidance in 2015. Brean Capital believes Electronic Arts will see multiple expansion if it continues to execute and keeps its Buy rating and $40 price target on the stock.
Electronic Arts price target raised to $75 from $66 at Brean Capital Brean Capital raised its price target on Electronic Arts to $75 from $66 as they believe management's guidance may prove to be conservative. The firm also sees the company leading its peers on digital monetization on consoles and the cross-over into mobile. Brean Capital reiterated its Buy rating on Electronic Arts shares.
Electronic Arts upgraded to Buy with $80 target at Jefferies Jefferies upgraded Electronic Arts to Buy from Hold and raised its price target for the stock to $80. The firm views EA as well positioned amid faster than expected console sales and thinks the company's game pipeline is the best its ever been.