What happened Last week, shareholders of Electronic Arts (NASDAQ: EA) stock were treated to a 13% pop on news that the company's Fortnite killer, Apex Legends, attracted 10 million new players in its first 72 hours on the market. Well, Wall Street took notice. This morning, investment banker Merrill Lynch announced it is upgrading Electronic Arts to buy based on the success of Apex Legends, while down the Street at Piper Jaffray, analysts upped their price target on EA stock to $99 a share. EA investors are pumped over Apex Legends' early success. Image source: Getty Images. So what Of course, with Electronic Arts stock now trading at $103 as of 11:40 a.m. EST (and up 5.5% off Friday's close), the fact that Piper thinks the stock is worth $99 seems kind of a letdown. For that matter, even Merrill Lynch's suggestion that EA stock could climb as high as $110 seems kind of underwhelming -- even if Merrill is right, that would still work out to less than a 7% gain for buyers. Now what And of course, as fellow Fool contributor Travis Hoium pointed out at the start of this buying frenzy last week, by this point practically "every major game developer is trying to copy [Fortnite's] battle royale concept." Competition is heating up, and there's no guarantee that EA will be able to hold on to its early gains in the field. After all, "free-to-play" may make it easier for a company like EA to convince players to switch from one game (Fortnite) to their game, because there's little switching cost. But that fact makes it just as easy for those same players to switch right back, or to mosey even further down the road, just as soon as Activision or Take-Two invent an even shinier free-to-play object. 10 stocks we like better than Electronic ArtsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Electronic Arts wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 31, 2019Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Activision Blizzard and Take-Two Interactive. The Motley Fool recommends Electronic Arts. The Motley Fool has a disclosure policy.