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FIFA Fumble Sends EA Stock to Worst Day on Record
EAElectronic Arts(EA) Schaeffers Investment Research·2025-01-23 15:47

Electronic Arts Inc. (NASDAQ:EA) stock is near the bottom of the Nasdaq today, last seen down 17.3% to trade at 117.62.Thevideogamecompanycutitsthird−quarterand2025bookingsforecast,citingaslowdowninthepopularFIFAfranchise.Inresponse,threebrokeragesissueddowngrades,whilefourmorebrokeragesissuedprice−targetcuts,theworstcomingfromStifelto117.62. The video game company cut its third-quarter and 2025 bookings forecast, citing a slowdown in the popular FIFA franchise. In response, three brokerages issued downgrades, while four more brokerages issued price-target cuts, the worst coming from Stifel to 133 from 159. Therecouldbemoreadjustmentsontheway,consideringEA′s12−monthconsensuspricetargetof159. There could be more adjustments on the way, considering EA's 12-month consensus price target of 154.01 is a 31.4% prem ...