Electronic Arts' Growth Questioned: Analyst Downgrades Stock Amid Struggles In Gaming Engagement
1. BofA downgraded EA from Buy to Neutral and cut price forecast to $130. 2. Analyst doubts EA's ability to improve player engagement in the gaming market. 3. Global Football's decline may significantly impact EA's Live Services revenue. 4. EA's Q3 revenue of $1.883 billion fell short of estimates by $624 million. 5. Earnings forecasts for FY25 and FY26 have been lowered amidst growth concerns.