Electronic Arts (NASDAQ:EA) Stock Upgrade
The previous rating of a “Neutral” for Electronic Arts (NASDAQ:EA) has been discontinued as Atlantic Equities hiked EA’s current rating to a respectable “Overweight”.
From a total of 18 analysts covering Electronic Arts (NASDAQ:EA) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is $95 while the lowest target price is $60. The mean of all analyst targets is $82.29 with a 16.89% above today’s ($70.15) stock price. Electronic Arts was the topic of 9 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Oppenheimer initiated shares on November 12 with “Outperform” rating. Stifel Nicolaus maintained EA stock in a recent report from October 26 with “Buy” rating. Finally, Piper Jaffray maintained the stock with “Overweight” rating in a report issued on an August 10.
Approximately 1.17M shares of stock traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 13.30% since May 1, 2015 and is uptrending. It has outperformed by 16.08% the S&P500.
Electronic Arts Inc is a game software content and services provider. The company has a market cap of $20.93 billion. The Firm develops, markets, publishes and distributes game software content for clients of various video game machines and electronic devices. It has 28.06 P/E ratio. It also provides game software-related services.
According to Zacks Investment Research, “Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA.com business segment: creation, marketing and distribution of entertainment software which can be played or sold online.” Get a free copy of the Zacks research report on Electronic Arts Inc. (EA).