Tag Archives: Daniel Ernst

Soleil Securities Group analyst Daniel Ernst boosted his rating on Electronic Arts to “Buy” from “Hold” and set a $55 price target, implying he expects the stock to jump 25 percent over Friday’s $43.94 close, according to this AP report.

“”We believe EA has a strong (product slate for the second half of the year) that should drive growth and serve as a catalyst for the stock,” Ernst said.

“The company plans to launch such titles as Mercenaries 2 and Left 4 Dead later this year,” he said. “In addition, the 20th anniversary of the popular Madden NFL game will likely debut in August, helping the company’s sports line.”

This news will come as a surprise to many after EA shares have slipped 25 percent this fiscal year.

By Mike Bowden

Speaking to Reuters, Take-Two CEO Ben Feder said that he felt analysts had been conservative in their estimates of how well GTA IV will sell this year.

“Our expectations are very high, higher than analysts give the game credit for,” he said “All the analysts had a (sales) number, give or take, and I think we will be on the upside of that rather than the downside.”

Webush Morgan’s Michael Pachter estimated that the game would sell 5.8 million units in its first week, while Hudson Square analyst Daniel Ernst reckons 13 million copies this year is a goer.

More hilarious American statements, this time thanks to Daniel Ernst of Hudson Square Research. Apparently Wii’s going to continue its domination of the home console market this year, to an almost ludicrous degree.

“With its strong slate of software scheduled for the coming year, we expect a material acceleration for the PS3 this year, but we believe the Wii will sell more than the PS3 and Xbox 360 combined this year,” Ernst told Gamedaily.

For fiscal year 2008 (which ended this March), Sony sold 9 million PS3 units globally, Microsoft sold 9.5 million Xbox 360s and Nintendo sold 18.5 million Wiis. For fiscal year 2009 (ending next March), Ernst forecasts that Microsoft will sell 11.2 million units of the Xbox 360 worldwide, Sony will sell 12.5 million PS3s and Nintendo will sell 23 million Wiis.

More through the link.