BMO raised its price target on Electronic Arts stock to $130 a share from $116 a share. The latest price target represents a potential upside of nearly 30% from the video game company’s stock's previous closing price of $100.89 a share.
Analyst Gerrick Johnson cited extreme positive response to Season 2 Battle Charge, 3 million views in its first four days since release and a 95% like-to-dislike ratio as factors bolstering his outlook on Electronic Arts.
Electronic Arts’ upcoming games like "Apex Legends" latest version and "Star Wars Jedi: Fallen Order" seem to be adding to the positive buzz around the company.