Cowen and Company, a branch of Cowen and Cowen that does proprietary research for American stock markets, recently made some unfavorable predictions about Titanfall 2. This was to justify the group’s lowering of EA’s shares by 3.27 points, roughly a 4 percent decrease.
The company said this about the downgrading:
“[W]e believe that ‘Titanfall 2‘ sales are going to be substantially disappointing, enough to offset upside from ‘Battlefield 1‘.”
It seems that EA is suffering from its own success as releasing the two massive first-person shooters within a week wasn’t such a good idea. Battlefield 1 was the first out and it seems like people are still too busy with it to invest in another engrossing online experience.
Time will only tell if Cowen and Company are correct about Titanfall 2 as they claimed “We expect a correction in shares between now and early next year.”