0912 ET - Electronic Arts sinks after cutting its outlook, and shares likely won't rebound until the company provides some visibility into its release schedule for fiscal years 2026 and 2027, Wedbush analysts say in a research note. The analysts don't expect any material catalysts to drive shares higher until the company reports 3Q earnings on Feb. 4, and the stock may remain muted still until EA puts out full-year guidance in early May. The analysts are confident EA has enough strength in its development process to reach their full-year estimates, so they're maintaining an outperform rating on the stock with a price target of $173. Shares slide 17% premarket. (dean.seal@wsj.com)
(END) Dow Jones Newswires
January 23, 2025 09:12 ET (14:12 GMT)
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