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EA Shares Get Lift As Analysts See Gains Ahead

Electronic Arts Inc. got a lift on Tuesday morning after a pair of brokers upped their price targets on the videogame publisher -- with one also upgrading the stock to a buy rating. EA took a hit last week with the surprise resignation of CEO John Riccitiello, which accompanied a warning that results for the March quarter could miss estimates. Michael Olson of Piper Jaffray upped EA to an overweight rating and raised his price target to $23 from $20. He said the miss and CEO move have set the stage for the stock to improve heading into the fall launch of "Battlefield 4" and new game consoles from Sony and Microsoft. Michael Pachter of Wedbush Securities already rated EA as outperform, but raised his price target to $25 from $23, citing an improved outlook for the industry ahead of the new console launches. He also upped his price targets on publishers Activision and Take-Two Interactive . EA shares were last trading up 1.8% to $17.88.Copyright © 2013 MarketWatch, Inc....

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  1. EA Adjusted 1Q Loss Shallower than Expected

    Electronic Arts (NASDAQ:EA) posted a deeper first-quarter loss on an adjusted basis than it did the year before, but the drop was smaller than Wall Street expected.T...

  2. Electronic Arts Posts 2Q Beat, But 3Q View Disappoints

    Electronic Arts Inc. (NASDAQ:ERTS) delivered fiscal second-quarter results that beat the Street's view and lifted its full-year outlook on Thursday afternoon, but it...

  3. EA CEO: 'Battlefield 3' Hits the Mark

    John Riccitiello , Electronic Arts CEO, on the upcoming release of "Battlefield 3" and what's ahead for the gaming giant.

  4. Tributes pour in for Steve Jobs, dead at 56

    (Reuters) - President Barack Obama was among the many people who paid tribute to Steve Jobs , calling the Apple co-founder a visionary and great American innovator."...

  5. Electronic Arts to Acquire PopCap, Updates Guidance

    In a bid to enter the world of online and mobile casual gaming, game software-publisher Electronic Arts (NASDAQ:ERTS) announced it will acquire online social gaming ...

  6. EA CEO on Social Gaming

    Electronic Arts CEO John Riccitiello on the company's push for social gaming.

  7. EA CEO on Online Gaming

    Electronic Arts CEO John Riccitiello on opportunities in online and mobile games.

  8. EA CEO on Playing the Sector

    Electronic Art's CEO John Riccitiello on the future of mammoth U.S. video-game maker. Maven:Link:

  9. Electronic Arts 4Q Beats Street

    Electronic Arts Inc. (NASDAQ:ERTS) weighed in with better-than-anticipated fiscal fourth-quarter results and gave full-year 2012 guidance that was in-line with expec...

  10. EA's Next Tiger Woods Video Game on Sale in March

    Tiger Woods has lost some major sponsors after revelations of marital infidelities hurt his image, but Electronic Arts Inc said on Tuesday it remains in the professi...

  11. Angry Birds, Happy Cash (Oh, and Will EA Buy Rock Bands' Harmonix?)

    December 1, 2010 12:14 PM UTC by Liz ClamanAngry Birds, Happy Cash (Oh, and Will EA Buy Rock Bands' Harmonix?)Tiny, furious birds attacking pigs.Okaaaaay???Who knew ...

  12. Electronic Arts CEO on Viral Gaming

    Electronic Arts CEO John Riccitiello on the expansion of its digital revenue.

  1. Market Wrap for Tuesday, March 19: Dow Records Slight Gain, Nasdaq and S&P Close Lower

    The U.S. stock market was slightly lower on Tuesday as investors reacted to news that lawmakers in Cyprus have rejected a bailout plan which would include a tax on b...

  2. TECH STOCKS: Juniper, EA, ARM Fall; Dell Edges Higher

    An early tech rally fizzled Tuesday as the sector was weighed down by slumping shares of Juniper Networks Inc., Electronic Arts Inc. and ARM Holdings PLC.Juniper (JN...

  3. Apple, Google Lead Techs Higher, But ARM, EA Fall

    The tech sector was off to an upbeat start on Tuesday, trading broadly higher, led by shares of Apple Inc. , Google Inc. and Dell Inc. . The three stocks were each u...

  4. Electronic Arts CEO to Resign

    Electronic Arts Inc. (EA) said its Chief Executive John Riccitiello is stepping down and also said its fourth-quarter results could miss its earlier expectations.The...

  5. Electronic Arts CEO to Step Down March 30

    Electronic Arts (NYSE:EA) said late Monday that CEO John Riccitiello will step down on March 30, triggering a search by the video game maker for a new leader.The mak...

  6. Electronic Arts CEO to step down

    Electronic Arts' Chief Executive Officer John Riccitiello has resigned, saying he was "accountable" for the company's missing operational targets.Riccitiello will st...

  7. EA Says CEO To Step Down; Warns On Guidance

    Electronic Arts Inc. said Monday afternoon that CEO John Riccitiello is stepping down from his post, effective March 30. The board of directors has named previous CE...

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