EA stock gains after BMO hikes target on 'Apex Legends' optimism
Electronic Arts Inc. shares are up 0.6% in premarket trading Tuesday after BMO Capital Markets analyst Gerrick Johnson raised his price target on the stock to $130 from $116, citing optimism for the season 2 of "Apex Legends," which launches Tuesday. "The trailer for Season 2 Battle Charge received overwhelmingly positive response seeing three million views in its first four days since release and receives a 95% like-to-dislike ratio," Johnson wrote. He's also upbeat about the buzz around "Star Wars Jedi: Fallen Order" coming out of the E3 conference last month. Johnson has an outperform rating on the stock, which is up 28% so far this year, as the S&P 500 has gained 18%.
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