David Stahl
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David Stahl in Stocks for Real Men,

Electronic Arts Looks To Fulfill Its Destiny With 'Star Wars: Battlefront II'

The upcoming launch of "Star Wars: Battlefront II" on Nov. 17 is emerging as the biggest event for Electronic Arts Inc. EA for the upcoming year.

Coming off a second quarter that saw sales down 19 percent year over year, EA is banking on the strength of its "Star Wars" franchise to generate new growth in the upcoming year.

Jefferies: Reiterates Buy, Ups Price Target To $138

According to Jefferies analyst Timothy O’Shea, if "Star Wars" can encourage users to spend real money on virtual goods, like it has with "FIFA," “the game could drive meaningful upside in F’18 and ’19 EPS,” he said. Source

There was a breakout of the rising wedge. Seems like some consolidation is possible now.