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EA +2.6% as Stephens calls it best idea

Jun. 24, 2019 10:48 AM ETElectronic Arts Inc. (EA) StockEABy: Jason Aycock, SA News Editor2 Comments
  • Stephens has made Electronic Arts (EA +2.6%) a "best idea" with the key catalyst the upcoming launch of Apex Legends season 2.
  • "Fortnite's popularity has hit a lull," analyst Jeff Cohen says of the battle-royale genre's leader, and EA's new season is "launching at the right time to capture momentum."
  • The new season could generate $150M in revenue in a bull-case scenario, he says.
  • Sell-side analysts on average rate EA an Outperform and the stock has a Quant Rating of Bullish, though Seeking Alpha authors are Neutral on average.

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