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J.P. Morgan Initiates Coverage on Electronic Arts

Adam Rogers
J.P. Morgan Initiates Coverage on Electronic Arts

J.P. Morgan has an “overweight” rating on the stock with a 12-month price target of $150, which indicates that EA is trading at a discount of 25% to JPM’s estimates. EA and Activision Blizzard (ATVI) stock fell in March this year after Epic Games announced that Fortnite has attracted over 45 million players to date since its launch in September last year.