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Electronic Arts stock rises after analyst says management's 'happy' with engagement levels even as 'Fortnite' gains steam

Shares of Electronic Arts Inc. EA, +3.12% are up 2.8% in Monday buying and selling after Stifel analyst Drew Crum reiterated his upbeat view of the company's prospects and dismissed concerns that the preferred "Fortnite" sport, made through privately held Epic Games, posed a subject material risk to EA. "'Fortnite' is VERY popular right now, but the sky isn't falling for EA," Crum wrote. "We're not dismissing Fortnite, but also think the absence of any major releases (since November) has probably had some affect on its success." Crum mentioned that his fresh conferences with control indicated that the company is "happy" with engagement ranges for its main franchises. The corporate singled out "Battlefield 1" and FIFA Ultimate Team, in line with Crum, who thinks the identify will get pleasure from the World Cup this summer. EA stocks are up 40% over the past year, while Activision Blizzard Inc. ATVI, +2.01% stocks are up 41% and Take-Two Interactive Software Inc. TTWO, +2.48% are up 76%. The S&P 500 SPX, +1.50% has gained 12% in that time.