- An online brouhaha over the launch of tentpole game Star Wars: Battlefront II isn't going to dent prospects for Electronic Arts (NASDAQ:EA), Wedbush says, reiterating an Outperform rating.
- Sales are going to bounce back for that game and the company has a strong pipeline for the coming year, writes analyst Michael Pachter.
- Though domestic physical sell-through on Battlefront II was weaker than expected (following widespread criticism over the release's approach to in-game purchases), "we believe that the loyalty of the Star Wars fan base, the game's appeal as a holiday gift, and the release of Star Wars: The Last Jedi on Dec. 15 will result in sales of the game bouncing back in the December retail month," Pachter says.
- Meanwhile, the stock fell 12% during the last two months of 2017, an overdone sell-off, he writes.
- Meanwhile, upcoming titles for the company in a "loaded" lineup include Anthem, FIFA World Cup, another Battefield follow-up and Titanfall 3.
- Shares rose 4.2% today.
- Now read: Electronic Arts And Activision Blizzard (NASDAQ:ATVI) Offer Hedge For Traditional Sports Investments
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