Electronic Arts’ Pullback is Actually a Buying Opportunity

05:36 09/15/2018

The pullback in Electronic Arts EA  is a buying opportunity. In recent months, the stock fell after the company delayed the release of Battlefield V to November 20, 2018. Then. It lowered its full-year guidance on the delay. While part of that lowered guidance was because of the game’s delayed launch, EA said $115 million of the change was because of revised expectations regarding foreign-exchange rates, according to The Wall Street Journal. It’s why the stock plunged from $135 to $110 in recent weeks. But again, it’s an overreaction that appears fully price into the stock.

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