Electronic Arts Downgraded to Hold at Deutsche Bank 
<p>Deutsche Bank analysts downgraded <a href='https://financialmodelingprep.com/financial-summary/EA'>Electronic Arts Inc. (NASDAQ:EA)</a> to Hold from Buy and lowered their price target on the stock to $125 from $157 amid slower growth and strategic reset.</p>
<p>The downgrade is due to a negative impact on EA's fundamental outlook caused by various factors. These factors include greater macro-related challenges, a reset of EA's mobile strategy, and less new content than previously anticipated for next year. </p>
<p>As a result, the analysts are forecasting lower levels of growth for 2023-2025 compared to previous expectations. EA's initial guidance for 2024 also calls for mid-single-digit topline growth, which is lower than the prior forecast and Street estimate at that time. This implies that EA's net bookings will be around $7.5 billion, which compares to the Street estimate of $8.2 billion. </p>

NASDAQ:EA