If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Pachter slashes price target on EA following Q2 financials

ealogo4.jpg

Wedbush Morgan's Michael Pachter has heavily dropped his 12-month price target on EA, heading south from $53.50 to $38.

The analyst is maintaining a "strong buy" rating on the firm.

Pachter also pulled back his EPS estimate for EA, down from $1.70 to $1.40.

The moves come following the announcement of both increased losses and sales in the second quarter from EA yesterday, and confirmation that the publisher is to shed 6 percent of its workforce.

Sign in and unlock a world of features

Get access to commenting, homepage personalisation, newsletters, and more!

Related topics
About the Author
Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

Comments